George Soros Says the Cold War Between the U.S. and China Could ‘Turn Into a Hot One’

The world's two largest economies, China and the U.S., are locked in a "cold war that could soon turn into a hot one," warned Democratic billionaire investor and philanthropist George Soros at the World Economic Forum in Davos, Switzerland.

The comment was made at a private dinner on the sidelines of the summit, CNBC reports, against the backdrop of a trade war between the U.S. and China that continues to slow worldwide economic growth.

The world's two largest economies, China and the U.S., are locked in a "cold war that could soon turn into a hot one," warned Democratic billionaire investor and philanthropist George Soros at the World Economic Forum in Davos, Switzerland. The comment was made at a private dinner on the sidelines of the summit, CNBC reports, against the backdrop of a trade war between the U.S. and China that continues to slow worldwide economic growth.