There can’t be many things that would unite the star investors George Soros, a liberal-minded billionaire who survived the Nazi occupation of Hungary, and Cathie Wood, the Trump-supporting Redditor-loved boss of Ark Invest.
But Xi Jinping has done it. Both Soros and Wood last week warned of the profound changes the Chinese president is making as he implements a suite of policies to curb capitalist profits and boost social justice.
Wood said Ark had reduced its investments in China “dramatically”. Soros described investing there as a “tragic mistake”.
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