Soros Says China’s Real Estate Crisis, Omicron Threaten Xi’s Rule
- Billionaire says Xi faces opposition within Communist Party
- Comments delivered days before start of Olympics in Beijing
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Billionaire philanthropist George Soros said China’s Xi Jinping may fail to extend his rule of the country later this year in contrast to what most observers expect.
“Given the strong opposition within the Communist Party, Xi Jinping’s carefully choreographed elevation to the level of Mao Zedong and Deng Xiaoping may never occur,” Soros, 91, said in remarks prepared for delivery Monday at an event sponsored by the Hoover Institution at Stanford University.