Goldman Sachs CEO

Consumers continue to be "somewhat steady," but they are spending selectively after years of inflation, McShane added.

The Wall Street bank has downgraded its views on China equities several times this year amid pessimism in the country's stock market

Global CEOs are thinking about India as a big growth opportunity while recognising some of the challenges with investing in the country, Solomon told the newspaper in an interview

The pay boost comes just as Goldman is embarking on a $1.3 billion cost-cutting plan that includes removing some managers and shifting employees to less expensive locales

Goldman Sachs Group has spoken publicly only in broad strokes about its strategy for China as the gates come down this year.

Blankfein, 63, one of the longest-serving CEOs on Wall Street, has led what is viewed as the most powerful U.S. investment bank for nearly 12 years