China Gives ‘Tough Response’ to George Soros’ Attempts of Currency War
SputnikNews.com
21.06.2016
Billionaire investor George Soros has a new enemy as the businessman with a net worth of $24 billion has recently engaged in an information war against the Chinese government, an article on the French news and analytics website Boulevard Voltaire read.
George Soros declared war on the Chinese currency at the World Economic Forum at Davos and his influence has already affected fluctuations at global financial markets.
Soros said he would bet against Asian currencies, predicting a “hard landing” for the Chinese economy, according to Bloomberg.
However, in response, Beijing recommended not to take Soros’ predictions seriously.
On June 7, the Chinese government warned the billionaire from starting a currency war against yuan. In a press-release, the government said that attempts by Soros to take on the renminbi and Hong Kong dollar were “doomed to fail.”
Recently, the well-informed American website ZeroHedge published an article which stated that the US is suffering from a “Dutch disease” and “financial predators.”
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