Category: Socialism

Billionaire investor Mark Mobius cautions investors on Chinese stocks as the nation heads for a ‘Mao-type’ economy

Mark Mobius REUTERS/Sukree Sukplang Mark Mobius warned investors should be cautious about Chinese stocks, as the nation is headed for a “Mao-type” economy. That came after Xi Jinping secured another term as president, sparking fear he would continue to borrow from Mao’s socialist principles. “[Chinese stocks are] very cheap in many cases, but I would be very careful,” Mobius added. Investors should be cautious about…