China warns George Soros: Don’t go to ‘war’ against our currency

‘China’s official newspaper warned billionaire investor George Soros not to bet against the Yuan in a front-page opinion piece, as China tries to boost confidence in its home currency, also known as the renminbi, which has dropped 5 percent since August.

“Soros’s war on the renminbi and the Hong Kong dollar cannot possibly succeed – about this there can be no doubt,” said the article titled “Declaring war on China’s currency? Ha ha,” published by People’s Daily, the official newspaper of the Chinese Communist Party.’

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