New reports indicate that billionaire liberal patron George Soros is calling for a change in leadership in China, characterizing the nation as a “threat” to “open societies” of the world.
QUICK FACTS:
- Billionaire liberal philanthropist Geroge Soros is putting his political weight behind a change in power for the nation of China.
- Soros made his case for the likely revocation of Chinese President Xi Jinping’s power on Monday according to RT America.
- Soros argued that the omicron Covid-19 variant “threatens to be Xi Jinping’s undoing” as the virus is “no longer under control” in China, according to CNBC.
- The billionaire philanthropist claimed that Xi has many enemies and his authority over the military and citizen surveillance was no match for his detractors.
- According to Soros, Xi went too far with his attempt at “total control” over the nation with lockdowns, CNBC reported.
WHAT SOROS SAID:
- “The Chinese vaccines were designed to deal with the [original] Wuhan variant, but the world is now struggling with other variants,” Soros said. “Xi Jinping couldn’t possibly admit this while he is waiting to be appointed for a third term — he is hiding it from the Chinese people as a guilty secret.”
- “The model on which the real estate boom is based is unsustainable,” he explained. “People buying apartments have to start paying for them even before they are built, so the system is built on credit. Local governments derive most of their revenues from selling land at ever-rising prices.”
- “It remains to be seen how the authorities will handle [the real estate] crisis,” Soros said on Monday. “Xi Jinping has many tools available to reestablish confidence — the question is whether he will use them properly. In my opinion, the second quarter of 2022 will show whether he has succeeded.”
BACKGROUND:
- Soros’s comments came while speaking via teleconference on a panel with the Hoover Institution on Monday, Soros, according to CNBC.
- Soros is known for his patronage of liberal candidates such as Hillary Clinton, as well as his targeted support of local races, such as district attorneys, as The Washington Examiner reported.
- Soros donated six figures to a PAC for local prosecutors again just days ago, according to Fox News.
