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Sunday, October 4, 1998

China blames Soros for crisis

PRESS TRUST OF INDIA  
BEIJING, Oct 3: China has blamed international currency speculator, George Soros for causing deep economic crisis that affected much of Asia and accused him of trying to make easy money. Soros should be held responsible for the financial crisis that has swept across Asian countries, says a commentary in Peoples Daily, the mouthpiece of the Communist Party of China.

Even as China was trying its best to prevent the spread of financial flu to its own economy, the commentary points out that Soros, who has been cursed as arch-criminal of economic crisis, is showing of his double character as a thinker and a speculator. As a speculator, Soros cannot resist the temptation of money which can be earned without efforts, it says while pointing out that some 20 years of economic achievements

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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