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China’s Uncertainty Posing Risk For Global Economy – Soros

The future direction of China is the “major” source of uncertainty facing the global economy at the moment, according to billionaire investor George Soros.

“The major uncertainty facing the world today is not the euro but the future direction of China. The growth model responsible for its rapid rise has run out of steam,” Soros, chairman of the Soros Fund Management, wrote in an opinion piece on the Project Syndicate website on Thursday.

Soros says there are “unresolved contradictions” in the leadership’s current policies, which would have profound consequences for China and the world if they are not addressed.

CNBC [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]