BHP CEO: Larger Investment Projects Hit by Slower Government Decision Making in China
August 25 2015 - 7:51AM
Dow Jones News
By Alex MacDonald
LONDON--China's crackdown on corruption may have led to a
slowdown in decision making on large investment projects within the
county, BHP Billiton Ltd's (BBL) chief executive said Tuesday.
Andrew Mackenzie wouldn't be drawn on how much this could have
impacted China's growth in the first half of the year but he said
that the government is making the right decisions to ensure quicker
but considered decision-making aimed at improving economic growth
in the future.
The head of the Anglo-Australian mining giant told journalists
at a briefing in London that he expects the Chinese economy to grow
at a faster clip in the second half of the year than in the first
half and to grow 7% this year.
Write to Alex MacDonald at alex.macDonald@wsj.com
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(END) Dow Jones Newswires
August 25, 2015 07:36 ET (11:36 GMT)
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