China is an emerging global superpower "on Australia's doorstop" that will soon lay claim to one of the world's reserve currencies, predicts CQS founder Michael Hintze.
Addressing the Melbourne Foundation for Business and Economics Dinner last week, CQS founder Michael Hintze said China will "shape all of our futures".
The billionaire hedge fund manager described China as an "emerging global superpower", adding that Australia's geographical proximity makes it a "bridge to Asia and China".
"China is clearly a fierce global competitor both geopolitically and geo-economically. Its Belt & Road Initiative – one of the largest infrastructure development projects in history – is a world changer and the rest of the world needs to be mindful of that," Mr Hintze said.
The middle kingdom is also challenging the western world order and global leadership, he said.
"It’s their strategic intent, the clarity of their vision and their long-term planning and execution that are the keys to their success. They are the emerging global superpower on our doorstep."
"I predict China will have one of the world’s reserve currencies before long.
"A generation of leaders must emerge with the strategic intent, moral compass and bravery to tackle the challenges – grasp the opportunities and join up the dots – of our changing world," Mr Hintze said.