George Soros - US and China are in a cold war that ‘threatens to turn into a hot one’
George Soros - US and China are in a cold war that ‘threatens to turn into a hot one’
13:24, 25.01.2019

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, as reported by CNBC.

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.

“Regrettably, President Trump seems to be following a different course: make concessions to China and declare victory while renewing his attacks on U.S. allies. This is liable to undermine the U.S. policy objective of curbing China’s abuses and excesses,” he said. “The reality is that we are in a cold war that threatens to turn into a hot one,” Soros added.





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