Tuesday, January 26, 2016

China Warns Soros Against Starting A Currency War: "You Cannot Possibly Succeed, Ha, Ha"

From Zero Hedge:

Soros’s war on the renminbi and the Hong Kong dollar cannot possibly succeed — about this there can be no doubt. Reckless speculations and vicious shorting will face higher trading costs and possibly severe legal consequences. And just as proved in the yuan exchange rate case, the Chinese government has sufficient resources and policy tools to keep the overall economic situation under control and cope with any external challenges.”

http://www.zerohedge.com/news/2016-01-26/china-warns-soros-against-starting-fx-war-ha-ha-you-cannot-possibly-succeed

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