Soros says China's real estate crisis, Omicron threaten Xi's rule

WASHINGTON - Billionaire philanthropist George Soros said China's President Xi Jinping might fail to extend his rule of the country later this year, as is widely expected.

Mr Xi, 68, has positioned himself to secure a precedent-breaking third term as president and general secretary when the Communist Party holds a twice-a-decade Party Congress towards the end of 2022.declared that China had reached a"new historical starting point" Soros, however, sees a fight brewing over Mr Xi's management of the economy and the pandemic that could see him ousted from power. The billionaire is the founder of the Open Society Foundations, the second-largest private charitable foundation in the United States with assets of about US$28 billion , which works to build democracies around the globe and oppose authoritarianism.

Under Mr Xi, Chinese regulators have reined in some of the nation's most successful technology companies,The government also took aim at the nation's US$100 billion for-profit education sector, part of Xi's wider"common prosperity" campaign to rein in the billionaire class and improve the lives of ordinary citizens.

Citizens who invested the bulk of their savings in real estate will turn against Mr Xi, Mr Soros predicted.

Source: Real Estate Daily Report (realestatedailyreport.net)

straits_times It means they cannot control China. Hurray.

Crisis is very bad in china now.

The US ,the Sick Man of the World couldn't prevent a disaster with more than 75 million cases and 900,000 deaths with the live with covid policy. While China maintaining a zero covid policy managed to keep deaths below 5,000. Which approach is preferable?

Origin of Covid-19 coronavirus. The WHO must investigate all evidence especially in countries where there are early reports of the coronavirus appearing.

Anglo-American xenophobia and hate against Chinese will have dangerous consequences. Like Nazi Germany's xenophobia and hate against Jews will result in their own destruction.

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