George Soros does not appreciate that the Chinese Communist Party is limiting the financial investment prospects for western capitalists. He complains that Xi does not understand “markets”. Well, any comparative look at the difference between China and Yankeedom makes clear that XI understands markets well enough to keep them from ruining the Chinese economy. As Michael Hudson points out to the clueless Soros, China is a capital exporter. It hardly needs foreign funds. Hudson claims China does not even need a public stock market.
Read in Michael Hudson in The Greanville Post