Friday, August 22, 2008

Buffett: China Will Do Better Than The U.S. In Coming Years

In his near final comments during a three hour marathon on CNBC's Squawk Box Warren Buffett said he would be surprised if Berkshire doesn't "do something" in China in the next few years. Any investment there would probably be an extension of his existing businesses. He says the U.S. will do well, but the Chineses will do better because they're starting from a lower base and have really learned how to unleash the potential of their people.

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