Rio Tinto's chief sees 'lots of opportunities' despite China's slowing growth

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The head of mining giant Rio Tinto says he isn’t worried about China‘s slowing growth — and he sees “lots of opportunities” in the world’s second largest economy.

“There is no doubt that the Chinese economy is still slowing down, but it is as expected. Even growing 6, and 6 and a half percent, is a massive number,” CEO Jean-Sébastien Jacques told CNBC’s Eunice Yoon at the China Development Forum in Beijing on Saturday.

Compared with growth rate of Europe, the U.S. and Canada, China’s projected expansion of 6 to 6.5 percent is still a “big number,” Jacques said.

China is a large-scale buyer of mined commodities from Australia, where Rio Tinto — one of the world’s largest metals and mining companies — has major operations.

The U.S. Federal Reserve downgraded its economic outlook for 2019 last week, and now sees growth of just 2.1 percent for the United

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