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George Soros calls out BlackRock's 'China blunder'
George Soros, the billionaire financier and philanthropist, thinks BlackRock has made a huge miscalculation on China. What's happening: Soros called out the world's largest asset manager in an op-ed published by the Wall Street Journal on Monday titled "BlackRock's China Blunder." BlackRock (BLK) recently started offering investment products to individual Chinese investors as the country's first entirely foreign-owned fund management firm. But Soros slammed the move, claiming the company "appears to misunderstand President Xi Jinping's China." "Pouring billions of dollars into China now is a tragic mistake," he ... (full story)