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George Soros Cautious on China

Interview with George Soros | South China Morning Post: " I am also aware of the exceptional difficulties that the transition is going to bring, and therefore, if I were an investor, I think I would be very cautious in the near term – the next year or so. Because you have this situation when 2/3 of the economy has to slow down, and 1/3 has to expand. That already makes it very difficult. What makes it even more difficult is when there is an overall slowdown, the households’ first reaction may be to become more cautious, and their propensity to save would increase – they would be afraid that their job is not safe, and they would not be so confident in spending money. And then all three of the sectors would slow down at the same time. That would create a hard landing."

April 12 (Bloomberg) -- David Ingles reports on China growth. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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