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Soros Calls BlackRock’s China Investment a ‘Tragic Mistake’

  • Warns in WSJ op-ed of risks to clients, U.S. security
  • U.S.-China are in ‘life and death conflict,’ Soros says
Bloomberg business news
Soros Sees BlackRock’s China Investment as ‘Tragic Mistake’
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George Soros criticized BlackRock Inc.’s China push as a risk to clients’ money and U.S. security interests, in the billionaire financier and philanthropist’s latest broadside against investment in the world’s second-largest economy. 

“Pouring billions of dollars into China now is a tragic mistake,” Soros wrote in an op-ed in the Wall Street Journal. “It is likely to lose money for BlackRock’s clients and, more important, will damage the national security interests of the U.S. and other democracies.”