Soros: China's Growth Model Needs to Change

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March 12 (Bloomberg) –- In today’s “Global Outlook,” Bloomberg's Trish Regan recaps Francine Lacqua's interview with George Soros. She speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Question earlier today, sitting down with legendary investor george soros.

The one market he watches pretty closely these days is china.

He told france he look while i the world's largest country is causing tremors run the world.

China has been the mortar of growth for the last 10 years.

Since 2008. not as big a growth as the american consumer that eventually ran out of resources.

Now, it is also running out.

Its growth model needs to be changed.

It is based on exports and investments.

It cannot continue like this.

The authorities, to their credit, are aware of it.

They are dealing with it.

That does create some tremors in the global economy.

The conversation did not just focus on china.

Soros was also asked what he thinks about rushing president -- russian president vladimir

This text has been automatically generated. It may not be 100% accurate.

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