Why did Soros think about “beating China”

George Soros, the infamous American speculator in the international financial community, recently said that his interest in defeating China today is more than a concern for US national interests. At the same time, the Hong Kong media exposed his recent efforts to mobilize short-selling funds and “open society foundations” and other tools to create a “color revolution” in Hong Kong, to smash and rob, and to wash away the hatred of slamming Hong Kong dollars. Why Soros is so obsessed with “beating” China is a proposition worthy of further study.

Soros was born in a Jewish family in Budapest. When he was young, he fled from Hungary under the Nazis and went to Bern, London and other places to study at the London School of Economics and Political Science. He did not like his compatriots, Andy Grove, who was born in Budapest and was persecuted by the Nazis, went to the road of technological innovation. He became a generation of Silicon Valley leaders by participating in the founding of Intel, but moved from the United Kingdom to the United States for stock trading. . On Wall Street, where money never sleeps, Soros learned to be guilty of intrigue and arrogance. After he made his family, he did not forget to put himself on the cloak of “philanthropist”, step by step to become a super speculator who squats in the jungle and eats the fire.

Throughout Soros’s life trajectory, especially his role in speculation and extreme instability in financial markets and changing societies, he can find that this financial predator deeply influenced by liberal philosophical thinking and market Darwinism is not lacking in Wall Street financial capitalists. The common greed genes, but also because of the tortuous life experience and the feelings of American capitalism, give them the opportunity to realize their dreams of life, and play the role of a persistent ideological defender.

On the one hand, he is a speculative predator in the capital market: slamming the pound to beat the Bank of England to find teeth, robbing the Thai baht to detonate the Asian financial crisis, shorting the yen to make a big profit.

On the other hand, he is another extremely capitalist dreamer of alternative capitalism. Based on his strong capital, he tried to export American ideology and values ​​to the world through tools such as the “Open Society Foundation” he founded. The “changing days” of Georgia, Ukraine, Kyrgyzstan and other countries all have the fund. Participation and instigation of the meeting. The Soros Foundation is trying to provoke the “color revolution” in many countries, while also maximizing the role of individuals in the global political landscape.

Although Soros sometimes does not understand the American capitalism he believes in, for example, he shouted the “Efficient Market Hypothesis” theory at the 2009 World Economic Forum in Davos. But Soros, who is essentially the representative of the interests of international financial capital, is the most difficult to tolerate in the heart, and the countries and forces that do not follow the rules of the game set by the Western world. In this context, China, which is constantly growing and growing, is the super sample that Soros is most reluctant to see.

As early as 1997, before the return of Hong Kong, Soros wanted to create a large-scale financial panic in Hong Kong, but suffered from no chance. With the international speculators slamming Hong Kong dollars for three times between October 1997 and June 1998, Hong Kong was once the “super cash machine” on Wall Street. Soros smashed in August 1998, Hong Kong stock market and foreign exchange market. It was once stormy. However, with the strong support of the central government, the Hong Kong SAR government decisively intervened to launch a large-scale matchup with international speculators headed by Soros, and finally won the financial war without the smoke.

In the past 21 years, China has not only passed the uncertain stage of full integration into the world trade and financial system, but also rapidly grew into a super economy with a GDP of more than 10 trillion US dollars in the more than 10 years since its accession in 2001. One of the only two members of the “10 trillion club”. Relatively speaking, Japan’s long-standing major economic competitor, Japan, has been stumbling over $5 trillion in GDP over the past 20 years. China and the major capitalist powers have long been in the economic development and strength growth, far exceeding the expectations of some Wall Street financial capitalists represented by Soros.

In their view, it is the United States that has led China to the global economic and trade arena, and they have taught Chinese financial industry investors to invest. But over the years, the global economic and wealth center has moved from the United States to Asia step by step, and the focus of economic vitality has also turned to China. In the future, it is possible that global wealth allocation and asset pricing centers will also be transferred from Wall Street to Shanghai and Shenzhen.

Moreover, China is actively advocating the construction or improvement of regional and global investment and trade rules. The international public goods such as the “Belt and Road”, the AIIB, and the BRICS New Development Bank continue to grow and develop. This is obviously not only a mechanism-oriented economic and financial system dominated by the United States. The challenge of the trading system is also the so-called non-“Anglo-Saxon” model that Soros, which is strong in institutional and psychological superiority, cannot tolerate. Soros is very surprised by China’s achievements in terms of trade scale, regulatory adaptation and global value chain upgrading, industrial competitiveness and overall national strength since joining the WTO. It believes that if it is not contained, differentiated and comprehensively attacked, it is rooted in Chinese history. The “China Road” of the cultural and institutional paradigm will become an important variable driving the global order change at a faster rate. For the Western capitalist world, is this not like a throat?