
Warren Buffett optimistic on China's economic transition
China DailyWarren Buffett talks to reporters as he tours the exhibit hall during the Berkshire Hathaway Annual Shareholders Meeting at the CenturyLink Center in Omaha, Nebraska, US, April 30, 2016. Billionaire Warren Buffett, chairman and CEO of Berkshire Hathaway, said before the company's annual shareholders' meeting that he was still optimistic about China's economic development, and believed China's economic transition will be successful, the Sina Finance reported. Although China's economic slowdown and fluctuation in stock market has spooked global investors, when talking about the prospect of China's economy, Buffett said in an exclusive interview with Sina Finance that he had confidence in the country and believed that China's development will be better over time. When asked whether he had any advice on China's economic reform, Buffett said with good humor that he believed Chinese government knew more than him.
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