George Soros warns of a global financial crisis


Legendary US billionaire investor George Soros has warned that 2016 could see a global financial crisis on as big a scale as that seen just eight years ago.

Giving a speech to an economic forum in Sri Lanka, Soros said China faced a " major adjustment problem."

It is not the first time the billionaire hedge fund manager has warned of impending doom on the financial markets.

In 2011 he warned the Greek debt crisis that consumed Europe was more serious than the 2008 financial crisis.

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