Soros : China Inflation Is Serious Concern

George Soros : China's Inflation Is a Serious Concern


Billionaire investor George Soros talks about China's economic growth and inflation he also speaks about the Us Dollar future and the ECB's decision to raise its interest rates ,China's central bank announces second rate hike this year in bid to quell inflation rise , the fourth interest-rate increase in less than six months.. inflation is rampant in China, investors should be cautious as the government moves to keep prices in check.the RMB expected to appreciate China to Accelerate its Currency Appreciation .The People's Bank of China, the central bank of the People's Republic of China, raised its benchmark 1-year lending rate by a quarter point to 6.31%, and its rate on one-year bank deposits to 3.25%. The bank acted ahead of a report forecast to show that consumer prices increased 5.2% year-over-year in March, the highest level of inflation since 2008.


.Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.