China is putting a face on the economic pessimism it accuses of
helping weaken the yuan and the economy: billionaire investor George
Soros.
A front-page commentary published in some editions of People’s Daily on Tuesday appeared to warn Mr. Soros would lose any bets he made based on a recent prediction that hard economic times for China are “unavoidable.”
Other state media followed suit. Denouncing “radical speculators,” China’s official Xinhua News Agency dismissed the famed currency trader’s view as “the same prediction several times.” The Global Times, in its English edition, asked, “So why are so many Western pundits and media outlets so intent on talking China down?”
http://blogs.wsj.com/chinarealtime/2016/01/27/george-soros-in-chinas-crosshairs-after-predicting-tough-economic-times-ahead/
A front-page commentary published in some editions of People’s Daily on Tuesday appeared to warn Mr. Soros would lose any bets he made based on a recent prediction that hard economic times for China are “unavoidable.”
Other state media followed suit. Denouncing “radical speculators,” China’s official Xinhua News Agency dismissed the famed currency trader’s view as “the same prediction several times.” The Global Times, in its English edition, asked, “So why are so many Western pundits and media outlets so intent on talking China down?”
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The rhetorical shots come as China is making broader efforts with
market interventions and rule adjustments to offset the impact of its
slowest growth rate in a quarter century, shore up grinding stock
markets and stem surging capital outflows. China’s state-run media
regularly note concerns the economy is cooling, but they tend to
highlight positive aspects of what the government describes as a broad
economic restructuring.http://blogs.wsj.com/chinarealtime/2016/01/27/george-soros-in-chinas-crosshairs-after-predicting-tough-economic-times-ahead/
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