Michael Bloomberg upbeat about Chinese economy despite fluctuations

"China [has] a history spanning 5,000 years and you're worried about two months? Seriously, you can't worry about the short term, " he said.

Bloomberg said that there is still enormous potential in China for a number of reasons, such as its huge population, rich resources, education level and strong work ethic.

The potential for the Chinese people, and the potential for companies around the world to do business is really amazing, he said.

Although there are signs of weakness from disappointing exports to wobbling infrastructure investment, Bloomberg does not agree that there is an economic slowdown in China.

"By any rational basis compared to any place else in the world, China is still spectacular, there isn't a slowdown and it doesn't impact our business," he said. [ Bloomberg's business has grown in China and it recently hired about 150 people on the Chinese mainland. It will keep investing, taking new space and hiring new people, the founder said.