Jim O'Neill: Chinese economy 'making progress'

Jim O'Neill, chairman of the asset management division of Goldman Sachs, says that good progress is being made in reducing global financial imbalances, thanks to changes in the Chinese economy.

Jim O'Neill appeared on the BBC's economics editor Stephanie Flanders' programme Stephanomics to discuss the current financial crisis along with Willem Buiter, chief economist at Citigroup and Katinka Barysch, deputy director of the Centre for European Reform.

Stephanomics was broadcast on BBC Radio 4, the BBC World Service, the BBC News Channel and BBC World News. You can also download the radio programme via the Bottom Line podcast.

Read more on Stephanie's blog.

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