The Hong Kong press reports that President Jiang Zemin of China criticized George Soros by name for the first time during a reception today for delgates from HK to the National Politcal Consultative Conference. Jiang was reported as calling Soros a financial raider and saying Soros would never be allowed to operate inside China. A Soros owned US company holds a 21% interest in a regional airline operating out of Shanghai that has been very profitable. Jiang also reinterated that the RMB will not be devalued not be free floating. The RMB is pegged at 8.2 to US$1. Henry C.K. Liu
