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China seen as a motor of global economy: Soros
(Xinhua)
Updated: 2010-02-04 09:16
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HONG KONG: George Soros, the world famous investor and currency speculator, said here on Wednesday that China has been the first country to recover from the financial crisis and emerged as a motor of the global economy, with its isolation from the global financial system aiding a swift economic recovery.
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Besides, China had resources to stimulate the economy and was relatively better situated to tackle the crisis, he added.
Soros predicted that China, India, Brazil and other developing countries are going to grow faster than the developed world.
Soros is the founder of Soros Fund Management and co-founder of the Quantum Fund.
