A piece from Xinhua calling out George Soros as a perma China bear
- George Soros recently claimed he saw a hard landing for China
(Yep, posted here)
Xinhua isn't having it:
- He has made the same prediction several times in the past
- Despite what some speculators claim, China should not be seen as a source of problems but as an important engine of global growth with its growing demand and investment
It is true that the growth of the world's second largest economy is experiencing a relative slowdown compared with the blistering growth of the past decade. But as we know, decision makers have now opted for a slower pace in order to make the country's growth more sustainable in the future
Xinhua goes on, talking its government's book:
So why do speculators make claims that run counter to reality? Analysts said it is because either the short-sellers haven't done their homework or that they are intentionally trying to create panic to snap profits.
tee hee
Reuters and MNI both with versions of the story.
