At a talk in Toronto, Canada in 2010 on accepting the Globalist of the Year award from the Canadian International Council, global investor and economic terrorist George Soros expressed, ‘Economic power is shifting from the US to China.’
In his speech, Soros elucidated that there was a rapid decline of the United States and a rapid rise of China. He said that China got to where it is today by looking out for its own interests, but he warned that the Asian powerhouse would have to start considering the needs of others if the new world order is to emerge intact. “I have to say that today China has a more, not only a more vigorous economy but actually a better functioning government than the United States.”
On June 16, 2015, George Soros penned down an article in the New York Review of Books. The article was titled, ‘A Partnership with China to Avoid World War’. In the article Soros expressed,
“Under Chinese leadership, a parallel set of institutions is emerging. Will they be in conflict or will they find a way to cooperate? Since the financial and the political spheres are also interconnected, the future course of history will greatly depend on how China tackles its economic transition from investment and export-led growth to greater dependence on domestic demand, and how the US reacts to it. A strategic partnership between the US and China could prevent the evolution of two power blocks that may be drawn into military conflict.
The crash of 2008 had a lasting negative effect on all the economies of the world, with the notable exception of China’s. The Chinese banking system was relatively isolated from the rest of the world and largely government-owned. As a consequence, the Chinese banks could, at the government’s behest, offset the collapse of external demand by flooding the economy with credit. The Chinese economy replaced the American consumer as the motor of the global economy, largely by selling to the American consumer on credit. It has been a rather weak motor, reflecting the relative size of the Chinese and American economies, so that the global economy has grown rather slowly since the emergence of China’s international economic power.
President Xi Jinping has taken personal responsibility for the economy and national security. If his market-oriented reforms fail, he may foster some external conflicts to keep the country united and maintain himself in power. This could lead China to align itself with Russia not only financially but also politically and militarily. In that case, should the external conflict escalate into a military confrontation with an ally of the United States such as Japan, it is not an exaggeration to say that we would be on the threshold of a third world war.”George Soros | A Partnership with China to Avoid World War
At the World Economic Forum 2019 in Davos, George Soros expressed:
“I want to call attention to the mortal danger facing open societies from the instruments of control that machine learning and artificial intelligence can put in the hands of repressive regimes. I’ll focus on China, where Xi Jinping wants a one-party state to reign supreme.
A lot of things have happened since last year and I’ve learned a lot about the shape that totalitarian control is going to take in China.
All the rapidly expanding information available about a person is going to be consolidated in a centralized database to create a “social credit system.” Based on that data, people will be evaluated by algorithms that will determine whether they pose a threat to the one-party state. People will then be treated accordingly.
The social credit system is not yet fully operational, but it’s clear where it’s heading. It will subordinate the fate of the individual to the interests of the one-party state in ways unprecedented in history.
I find the social credit system frightening and abhorrent. Unfortunately, some Chinese find it rather attractive because it provides information and services that aren’t currently available and can also protect law-abiding citizens against enemies of the state.
China isn’t the only authoritarian regime in the world, but it’s undoubtedly the wealthiest, strongest, and most developed in machine learning and artificial intelligence. This makes Xi Jinping the most dangerous opponent of those who believe in the concept of an open society. But Xi isn’t alone. Authoritarian regimes are proliferating all over the world and if they succeed, they will become totalitarian.
China is not the only authoritarian regime in the world but it is the wealthiest, strongest and technologically most advance. This makes Xi Jinping the most dangerous opponent of open societies. That’s why it’s so important to distinguish Xi Jinping’s policies from the aspirations of the Chinese people. The social credit system, if it became operational, would give Xi total control over the people. Since Xi is the most dangerous enemy of the open society, we must pin our hopes on the Chinese people, and especially on the business community and a political elite willing to uphold the Confucian tradition.”George Soros | Remarks delivered at the World Economic Forum
On February 11, 2020, George Soros wrote an article in the Project Syndicate titled ‘Europe Must Recognise China for What it is.
The article is a scathing attack on China and its President Xi Jinping. George Soros lambasts Xi Jinping for the mishandling of the coronavirus outbreak.
George Soros expressed, “Neither the European public nor European political and business leaders fully understand the threat presented by Xi Jinping’s China. Although Xi is a dictator who is using cutting-edge technology in an effort to impose total control on Chinese society, Europeans regard China primarily as an important business partner. They fail to appreciate that since Xi became President and General Secretary of the Communist Party of China (CPC), he has established a regime whose guiding principles are diametrically opposed to the values on which the European Union was founded.”
He further elucidated, “It is clear to me that under Xi, China poses a threat to the values on which the EU was founded. Apparently, this is not clear to the leaders of EU member states, nor to the leaders of the industry, particularly in Germany.”
Soros brutally attacks China’s president Xi Jinping stating, “Xi will meet the heads of state and government of the 27 EU member states at the EU-China summit in Leipzig in September. Europeans need to understand that this will hand him a much-needed political victory unless he is held accountable for, and questioned about, his failure to uphold human rights, particularly in Tibet, Xinjiang, and Hong Kong. Only the Chinese political leadership can decide Xi’s future. The harm caused by his mishandling of the coronavirus outbreak has become so visible that the Chinese public, and even the Politburo, must recognize it. The EU should not knowingly facilitate his political survival.”George Soros | Europe Must Recognize China for What It Is
George Soros sees that China is the defining geopolitical issue of our times. Their mercantilist approach to free trade and industrial policy has destroyed our industry. Their control over global supply chains threatens our national security.
In an interview with Gregor Peter Schmitz in the Widely Syndicated, George Soros, viciously targeted China’s President Xi Jinping. He stated:
“There are a lot of people who say that we should be working very closely with China. But I am not in favor of doing that. We must protect our democratic open society. At the same time, we must find a way to cooperate on fighting climate change and the novel coronavirus. That won’t be easy. I sympathize with the Chinese people because they are under the domination of a dictator, President Xi Jinping. I think a lot of educated Chinese are very resentful of that, and the general public is still angry with him for keeping COVID-19 a secret until after the Chinese New Year.
When Xi abolished term limits and named himself, in essence, President for life, he destroyed the political future of the most important and ambitious men in a very narrow and competitive elite. It was a big mistake on his part. So, yes, he is very strong in a way, but at the same time extremely weak, and now perhaps vulnerable.
The struggle within the Chinese leadership is something that I follow very closely because I am on the side of those who believe in an open society. And there are many people in China who are very much in favor of an open society, too.”
George Soros has set his sights on China and India. He sees President Xi Jinping and Prime Minister Narendra Modi as hindrances to his economic plans driven by the Open Society policies. Soros sees both Jinping and Modi as authoritarian rulers of their nations with an iron grip. Both China and India are markets of promise now and in the future. The intent to play these markets has drawn George Soros like a moth to the light to turn his focus on China and India.
His views on China have changed drastically in the last ten years since his optimistic views in 2010. But it is interesting to note that while global George Soros stands up to support Islamists and some Islamic extremists. He has maintained a stoic silence on the oppression of Uyghur Muslims of China. On the Abrogation of Article 370, at the World Economic Forum at Davos, Soros criticized Prime Minister Narendra Modi, stating, “Nationalism, far from being reversed, made further headway. The biggest and most frightening setback occurred in India where a democratically elected Narendra Modi is creating a Hindu nationalist state, imposing punitive measures on Kashmir, a semi-autonomous Muslim region, and threatening to deprive millions of Muslims of their citizenship.” Soros even pledged USD 1 billion to fund a new university network to tackle the spread of nationalism in his speech at the World Economic Forum 2020 at Davos. But on China’s oppression of Uyghur Muslims, there is silence from the global economic terrorist.