China Warns Soros Against ‘Declaring War’ On Its Currency
Source: Marketwatch
Not long after billionaire George Soros forecast a so-called hard landing for the Chinese economy, Beijing fired back by calling out the high-profile investor, warning him of betting against its currency, according to media reports Tuesday.
Soros challenge against the renminbi and Hong Kong dollar is unlikely to succeed, there is no doubt about that, said a government official in an opinion piece widely cited by several media outlets.
The article headlined, Declaring war on Chinas currency? Ha ha, was published by the Peoples Daily, the official newspaper of the Chinese Communist Party which is widely viewed as Beijings propaganda tool.
A translation of the Mandarin version of the editorial linked by ZeroHedge includes references to the U.S. suffering from a Dutch disease and financial predators.
Read more: http://www.marketwatch.com/story/china-warns-soros-against-declaring-war-on-its-currency-2016-01-26