Will Soros Make Billions Short-Selling China?

He warns of crash, pointing out disconnect between promises of rapid growth and pledges to move away from overborrowing.

George Soros probably shouldn't expect any warm invitations to Beijing—not with the much-reviled short seller warning of a giant Chinese crash.

The billionaire first shook a major government in September 1992, when he led an attack on the British pound. For his role in humiliating London and forcing John Major's government to exit the European exchange-rate mechanism—essentially the euro—Soros reportedly netted $2 billion. Soros made a bundle off America's subprime debt crisis as well. Here in Asia, his legend has loomed large since 1997, when then-Malaysian Prime Minister Mahathir Mohamad accused him, bizarrely, of heading a Jewish conspiracy to spark an Asian crisis.

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