January 25, 2019
Liberal billionaire George Soros on Thursday warned that the U.S.and China, the world’s two largest economies, are locked in a “cold war that could soon turn into a hot one.”
His comments come at a time when investors are increasingly concerned about a serious economic downturn, with a long-running U.S.-China trade war souring business and consumer sentiment.
Referencing Trump’s decision to label China as a “strategic” competitor in late 2017, Soros said this approach was “too simplistic.”
“An effective policy towards China can’t be reduced to a slogan. It needs to be far more sophisticated, detailed and practical; and it must include an American economic response to the Belt and Road Initiative,” he said.
This article was posted: Friday, January 25, 2019 at 6:58 am