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Will Soros Make Billions Short-Selling China?

He warns of crash, pointing out disconnect between promises of rapid growth and pledges to move away from overborrowing.

By William Pesek, Bloomberg | Updated on January 08, 2014

George Soros probably shouldn’t expect any warm invitations to Beijing—not with the much-reviled short seller warning of a giant Chinese crash.

The billionaire first shook a major government in September 1992, when he led an attack on the British pound. For his role in humiliating London and forcing John Major’s government to exit the European exchange-rate mechanism—essentially the euro—Soros reportedly netted $2 billion. Soros made a bundle off America’s subprime debt crisis as well. Here in Asia, his legend has loomed large since 1997, when then-Malaysian Prime Minister Mahathir Mohamad accused him, bizarrely, of heading a Jewish conspiracy to spark an Asian crisis.

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