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Omicron variant 'threatens to be Xi Jinping's undoing': Soros

'He tried to impose total control, but he failed,' billionaire says

George Soros has been an outspoken critic of Chinese President Xi Jinping.   © Reuters

NEW YORK -- An economic crisis centered on China's troubled real estate market and the spread of the omicron coronavirus variant pose risks to President Xi Jinping's grip on power, billionaire philanthropist George Soros says.

Soros, in remarks Monday at an event sponsored by the Hoover Institution at Stanford University, said that "omicron threatens to be Xi Jinping's undoing."

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