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Jim O'Neill
British economist, chairman of the Royal Institute of International Affairs
BORN:

March 17, 1957, Manchester, United Kingdom

EDUCATION:

BA (1977) and MA (1978) in economics from the University of Sheffield

PhD (1982) in economics from the University of Surrey

CAREER:

1982-1985: Bank of America

1985-1988: Economist for International Treasury Management Division, Marine Midland Bank

1988-1997: Chief of Global Research at Swiss Bank Corporation

1997-2010: Head of global economics at Goldman Sachs

2010-April 2013: Chairman of Goldman Sachs' Division of Asset Management

July 2014-May 2015: Chairman of the Review on Antimicrobial Resistance

May 2015-September 2016: Commercial Secretary to the Treasury

Present: Chairman of Chatham House and vice-chairman of the Northern Powerhouse Partnership

Sign of success spotted in remote Guangxi village

British economist hails China's 'astonishingly long period' of rapid growth
WANG MINGJIE
Foreign dealers shop at Beijing's Xiushui Street market in the 1990s. During his first trip to China in 1990, Jim O'Neill sensed the potential of commercialism in China, supported by the country's booming street markets. [WANG WENYANG/FOR CHINA DAILY]

When it comes to "transformational", he explained that not only has China lifted many people out of poverty, but it has also transformed more aspects of the world. "Take the tourism industry for example, the whole global tourist industry is literally being transformed by Chinese tourists," he said.

Tourists from the Chinese mainland made more than 130 million outbound trips last year, spending $115.29 billion in the process, according to the China National Tourism Administration.

O'Neill described an encounter with a Chinese tourist during a hiking trip on top of Switzerland's Schilthorn mountain as memorable and uplifting.

Famous as the location for one of the early James Bond films, the mountain is a big tourist attraction, with many choosing to take the cable car up. An avid hiker, O'Neill chose to walk instead.

"After walking the mountains for hours, I was a bit disheveled and cold given the height of the mountain," he said. "But my spirits were lifted by listening to what seemed like a Chinese lady singing in the most fantastic voice, rather loudly, the famous song The Hills Are Alive from the musical The Sound of Music, and she received a massive round of applause from everyone afterward."

O'Neill said it was indicative of the freedom enjoyed by Chinese people and especially their creativity, adding that it refuted the perception that China has an issue with allowing and encouraging genuine, open imagination.

He attributed China's economic success partly to its Five-Year Plan, which keeps the nation's development aligned with its strategic direction, an idea he said many other countries, particularly developing ones, should copy.

"China had these clear, every five years, repeated priorities about what it wants to achieve ... and by and large, China stuck to that," he said.

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Jim O'Neill
British economist, chairman of the Royal Institute of International Affairs
BORN:

March 17, 1957, Manchester, United Kingdom

EDUCATION:

BA (1977) and MA (1978) in economics from the University of Sheffield

PhD (1982) in economics from the University of Surrey

CAREER:

1982-1985: Bank of America

1985-1988: Economist for International Treasury Management Division, Marine Midland Bank

1988-1997: Chief of Global Research at Swiss Bank Corporation

1997-2010: Head of global economics at Goldman Sachs

2010-April 2013: Chairman of Goldman Sachs' Division of Asset Management

July 2014-May 2015: Chairman of the Review on Antimicrobial Resistance

May 2015-September 2016: Commercial Secretary to the Treasury

Present: Chairman of Chatham House and vice-chairman of the Northern Powerhouse Partnership

Sign of success spotted in remote Guangxi village

British economist hails China's 'astonishingly long period' of rapid growth
WANG MINGJIE
Foreign dealers shop at Beijing's Xiushui Street market in the 1990s. During his first trip to China in 1990, Jim O'Neill sensed the potential of commercialism in China, supported by the country's booming street markets. [WANG WENYANG/FOR CHINA DAILY]

When it comes to "transformational", he explained that not only has China lifted many people out of poverty, but it has also transformed more aspects of the world. "Take the tourism industry for example, the whole global tourist industry is literally being transformed by Chinese tourists," he said.

Tourists from the Chinese mainland made more than 130 million outbound trips last year, spending $115.29 billion in the process, according to the China National Tourism Administration.

O'Neill described an encounter with a Chinese tourist during a hiking trip on top of Switzerland's Schilthorn mountain as memorable and uplifting.

Famous as the location for one of the early James Bond films, the mountain is a big tourist attraction, with many choosing to take the cable car up. An avid hiker, O'Neill chose to walk instead.

"After walking the mountains for hours, I was a bit disheveled and cold given the height of the mountain," he said. "But my spirits were lifted by listening to what seemed like a Chinese lady singing in the most fantastic voice, rather loudly, the famous song The Hills Are Alive from the musical The Sound of Music, and she received a massive round of applause from everyone afterward."

O'Neill said it was indicative of the freedom enjoyed by Chinese people and especially their creativity, adding that it refuted the perception that China has an issue with allowing and encouraging genuine, open imagination.

He attributed China's economic success partly to its Five-Year Plan, which keeps the nation's development aligned with its strategic direction, an idea he said many other countries, particularly developing ones, should copy.

"China had these clear, every five years, repeated priorities about what it wants to achieve ... and by and large, China stuck to that," he said.

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