Billionaire investor Mark Mobius has issued a warning to those considering investing in Chinese businesses. He believes that China’s “crazy” business tactics make it difficult for investors to get their money out of the country, as the government puts up “all kinds of barriers.”
Mobius is known for his expertise in emerging markets and has been an advocate for responsible investment practices. His comments come at a time when many are questioning China’s economic policies, with some claiming they have been detrimental to global growth.
The billionaire investor warned potential investors against taking risks with their money by investing in Chinese companies without doing thorough research first. He advised people to be “very careful” before entering into any deals involving Chinese firms due to the difficulty associated with getting funds out of the country should things go wrong or if there is a change in policy from Beijing.
Mobius also highlighted how political tensions between countries can affect investments and urged caution when dealing with businesses based overseas, particularly those located within authoritarian regimes such as China where regulations can quickly change without notice or consultation from foreign stakeholders involved in projects there.
Read more at Fox Business
