There’s a big debate going on about China as Xi Jinping’s “common prosperity” campaign shakes up sector after sector: How does this affect foreign capital keen to piggy-back on the second-largest nation’s rising middle class wealth? Well, the answer depends on which legendary western investor you put the most store by.
George Soros, the 91-year old fabled hedge fund owner, is the latest to pipe up with his view that, actually, China might be one to miss. He criticized the world’s largest money manager BlackRock Inc. — which is making a big push into China — for putting clients money and even U.S. security interests at risk
