Mark Mobius, who allocates capital all over the world, has raised a red flag about doing business – or trying to bow out of your business – with China.
On “Mornings with Maria” Thursday, the Mobius Capital Partners founder noted that China’s bottom line is moving “in a completely different direction” than its former open-minded-market revolutionary leader Deng Xiaoping.
“Now you have a government which is taking gold in shares in companies all over China. That means they’re going to try to control all these companies,” Mobius explained. “So I don’t think it’s a very good picture when you see the government becoming more and more control oriented in the economy.”
Read more here: https://www.foxbusiness.com/markets/billionaire-investor-issues-warning-china-crazy-business-tactic
