George Soros calls for integrating China into a new financial world order for stable and coordinated global policies.
“I think this would be time because you really need to bring China into the creation of a new world order, a financial world order. They are kind of reluctant members of the IMF. They play along, but they don’t make much of a contribution because it’s not their institution. Their share is not commensurate …their voting rights are not commensurate to their weight, so I think you need a new world order that China has to be part of the process of creating it and they have to buy in. They have to own it the same way as, let’s say, the United States owns the Washington consensus, the current order, and I think this would be a more stable one where you would have co-ordinated policies. I think the makings of it are already there because the G20, in agreeing to peer reviews, effectively is moving in that direction.”
George Soros
George Soros is a Hungarian-American investor, philanthropist, and political activist known for his influence on financial and political affairs worldwide.
This quote emphasizes the necessity of an inclusive global financial architecture where China plays a central role to create a more stable and coordinated world order.
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George Soros, born in 1930 in Budapest, is a financial investor and philanthropist who gained international fame through his hedge funds and involvement in social and political issues. He founded the Open Society Foundations, promoting democracy, human rights, and open societies.
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