Soros Calls BlackRock’s China Investment a ‘Tragic Mistake’ (2)

George Soros criticized BlackRock Inc.’s China push as a risk to clients’ money and U.S. security interests, in the billionaire financier and philanthropist’s latest broadside against investment in the world’s second-largest economy.

“Pouring billions of dollars into China now is a tragic mistake,” Soros wrote in an op-ed in the Wall Street Journal. “It is likely to lose money for BlackRock’s clients and, more important, will damage the national security interests of the U.S. and other democracies.”

WATCH: Billionaire George Soros criticized BlackRock’s investment in China as a risk to both clients’ money and U.S. security interests.

Source: Bloomberg

BlackRock, under Chief Executive Officer Larry Fink, is leading a global foray into China’s asset management industry. The world’s largest ...