Buffett sees 'large investment opportunities' in China

Warren Buffett is expecting "large investment opportunities" to develop in China as the country continues its rapid expansion.

The 'Sage of Omaha' says even a child could notice the Chinese economy is booming and believes the communist state is a logical place to invest. Speaking in the southern Chinese city of Changsha, Buffett says China's transformation is "unlike anything that's ever taken place in history", Bloomberg reports. "China's a very big economy and it's going to get a lot bigger," he says. "That means it has large investment opportunities and that's what Berkshire Hathaway is looking for. We need to put large sums to work, so China is a logical place. "Almost anyone, a third-grade child fr...