Tags: soros | china

Soros: China To be Big Winner From World Crisis

Monday, 02 Nov 2009 09:59 AM

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

BUDAPEST -- Billionaire investor and philanthropist George Soros said on Friday China will be the biggest winner of the global financial crisis while the United States stands to lose the most.

"There will be significant changes in the relative positions of other countries as well but from a global perspective, the one between the United States and China is the most significant," Soros told a lecture. "China is likely to emerge as the big winner.

Soros added the U.S. banking system has to earn its way out of a hole while in commercial real estate and leverage buyouts, the "bloodletting is yet to come."

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved