Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Thursday, 20 February 06:26 (GMT -05:00)

Business And Politics News

China Goes Against Soros For Promoting Panic Around Renminbi

The famous billionaire and investor George Soros has been actively spreading reliable information on the speculation that is going on in China’s financial markets at this point. Apparently, Mr. Soros is a respected person in the international investment and financial world and his words and actions are always taken seriously by the community, which is why the Chinese authorities got extremely irritated by this step made by the billionaire.




At this point, Chinese mass media are actively responding to George Soros with criticism. The thing is that Mr. Soros predicted the so-called hard landing for the Chinese economy in the near future, which is something China doesn’t want anybody to talk about whatsoever.
While the famous billionaire says this is going to happen in the near future, Chinese mass media respond that he is just trying to use such dirty tricks to undermine the Chinese Yuan in order to benefit from the situation later through some Forex trades. The journalists say that Mr. Soros have already tried to benefits from similar situation in the global economy or a certain country to gain stunning profits. He uses the power of his image and respect in the international community to drive the markets the way he wants since investors are often cautious about investing in the country Mr. Soros is criticizing, including the country’s economy, stock market and national currency. With that being said, we may well be seeing the same scenario in this case when China is getting its economy reoriented, which comes with an economic slowdown.  
Independent experts are currently trying to abstain from taking any of the 2 sides in the clash. The problem is that risk-averse investors are very sensitive about any information under such circumstances amid crisis phenomena in the global economy.
As for the 85-year-old investor, he says that the developed world starts another bearish cycle. The only difference from the latest 2008-2009 crisis is that this time it all starts from China instead of the USA. He insists that China’s economy is neck-deep in debt and deflation. History shows that under such circumstances, a hard landing is almost inevitable.


Meanwhile, the Chinese government and financial authorities are still trying to save the day for the national economy while doing their best to preserve the economic potential we have seen until recently.  Thanks to 3 trillion dollars of gold and currency reserves, China still has some room for manoeuvre. The problem is that China is trying to speed up the process and therefore spreading its problems to the entire world.  This is what Mr. Soros is basically trying to say to the entire world. 


You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

Beijing and Washington are one step away from escalating their trade conflict. The confrontation may harm the entire global economy. Some experts belive that the trade war may also trigger another global financial crisis. At this point, the parties seem to have come to a standstill, which is why the chances of the conflict escalating into a move severe trade war are still growing.

Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM