Accountant China road after attack on Soros

amsterdam - 'Financial crocodile George Soros was the British pound might include. And won the Asian currency crisis. But China, he will not be there.

,, Declare war on China? Ha ha. ' An article with that headline and reference to the crocodile and speculator George Soros has made in China for big uproar. It shot across the bow came from Wang Baoan, the head of the Chinese CBS. He believes that Soros is responsible for the high volatility in the already unstable financial markets.

Out of office

Within a few hours after the alert in the columns of the China Daily in a letter addressed to George Soros, the head of the Chinese data researchers was arrested. The head of the accountants was accused of having committed a serious infringement of rules.

The Hungarian-American businessman George Soros, which accounts for $ 22 billion in assets, managed to speculate with billions in 1992 against the overvalued pound. The central bank must then abandon the exchange rate, which Soros earned $ 1 billion.

Soros hated

In the Asian currency crisis, he again hit his tremendous power in the market. Malaysia blamed him for the country to overthrow his speculations. Soros recently confirmed to speculate against several Asian currencies, because they are overvalued.

Last year disappeared there $ 1 billion of capital from the country after the Chinese central bank devalued the yuan on two occasions in an effort to strengthen the economy.

'Sufficient resources'

,, Reckless speculation and significantly shorten lead to higher transaction costs and possible severe consequences, 'the Chinese government warned at the weekend. There was added that China has sufficient buffers to cope with these setbacks.

Soros, agrees. In an interview with Chinese media:,, China can handle this. It has reserves amounting to $ 3 trillion. '