George Soros is of the opinion that China is undergoing an instability situation, especially with the banks and creditors. How most of the investors are asking for more loans and making few or no deposits. This has been a situation that has resulted even in a great rise in the value of new homes in the cities such as Shenzen. There are great uncertainties in the Chinas market which according to Soros, China has been deferring. The case is similar to what the United States underwent through before experiencing the crisis. Back in 2005- 2006, the United States deferred most of the instability problems to the climax in 2007 when the crisis came to be.
To Soros, Chinas performance in the economy on nytimes.com is no longer strong as it was before. Weakening of the value of Yuan, banks borrowing from other banks, other banks with more liabilities than assets; this situation is not good at all from Soros perspective. Despite Chinas defense in that George Soros has made such predictions long ago but they never came to be, the country’s economy is slowing. The instability problem from Soros is growing at an exponential rate and in two years could lead to a problem, a crisis just like the 2008 crisis in the United States. Continued growth in credit is related to the 2008 growth in credit, which in the end was a great instability in addition to increased collapsing of banks.
Probably George Soros is right about this because based on his history in investment on http://www.nybooks.com/contributors/george-soros/ most of his predictions have come true. The 2008 crisis was one of his predictions in addition to the prediction of the dropping in the value of the British Pound. This in return earned him a fortune; Soros founded Soros Hedge Fund Management in the 1970s. His firm has been very successful with the European market trade; in addition, he is the founder of Open Society Foundations. George Soros’ major object with Open Society Foundation is to promote respect to human rights, discourage independence ownership of truth and promote respect to human rights. As a Democrat, he has been a great supporter of politicians vying with the Democrat Party.
Soros was born in Hungary but flew from the country during the Nazi Holocaust. He studied in New York and has also been the initiator of the Central European University which offers lectures on right citizenship and creative thinking. His views on biography.com of investments are independent, and he regards this to being independently wealthy. Soros is one of the best writers and a philanthropist; with Open Society Foundations, he has advocated for the removal of apartheid policy in South Africa. Most of his books have been a great asset to many investors in the European market trade.