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皇冠体育app seen as a motor of global economy: Soros

(Xinhua)
Updated: 2010-02-04 09:16
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HONG KONG: George Soros, the world famous investor and currency speculator, said here on Wednesday that 皇冠体育app has been the first country to recover from the financial crisis and emerged as a motor of the global economy, with its isolation from the global financial system aiding a swift economic recovery.

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"For 皇冠体育app, the financial crisis was an external shock. It hasn't really shaken the (皇冠体育app's financial) system itself," said Soros in a public discussion with a panel of experts and students at Hong Kong University.

Besides, 皇冠体育app had resources to stimulate the economy and was relatively better situated to tackle the crisis, he added.

Soros predicted that 皇冠体育app, India, Brazil and other developing countries are going to grow faster than the developed world.

Soros is the founder of Soros Fund Management and co-founder of the Quantum Fund.
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