Part-GTY-474095734-1-1-1

China state media accuse Soros of 'declaring war' on yuan

American financier George Soros has warned that China, the world's second-largest economy, is heading for troubleChinese state media stepped up a salvo of biting commentaries Wednesday against George Soros and other currency traders as the yuan comes under pressure, with the billionaire investor accused of “declaring war” on the unit. At the annual World Economic Forum in Davos last week Soros told Bloomberg TV that the world’s second-largest economy — where growth has already slowed to a 25-year low according to official figures — was heading for more troubles. Soros — whose enormous trades are still blamed in some countries for contributing to the Asian financial crisis of 1997 — pointed to deflation and excessive debt as reasons for China’s slowdown.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Top U.S. spy agency has not embraced CIA assessment on Russia hacking https://t.co/IjKhHd4Nmc #liarinchief #urwrong https://t.co/MBrsUbDLHg - 1 month ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *