Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war.
Much depends on the health of the Chinese economy, Soros said in remarks at a Bretton Woods conference at the World Bank.
If China’s efforts to transition to a domestic-demand led economy from an export engine falter, there is a “likelihood” that China’s rulers would foster an external conflict to keep the country together and hold on to power.
“If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war, ” Soros said…. [READ MORE]
By GREG ROBB
SENIOR ECONOMICS REPORTER