Why Warren Buffett Is Right About China [Forbes]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Forbes
Miriam Tuerk Contributor i Investing I cover Cleantech investment's potential to reinvent global utilities Warren Buffett. (Photo by Daniel Zuchnik/WireImage) At the recent U.S.-China Investor Forum, Warren Buffett discussed how China has “unleashed the potential of their citizenry.” In 2017, China accounted for more than 18% of global GDP, adjusted for purchasing power parity, according to Statista . “What they’ve done in the last 50 - 60 years is a total economic miracle,” added Buffett. “I never would’ve thought it could have happened. But the truth is they’re as smart as we are, they work as hard as we are, and they can have growth in the economy from a lower base that will exceed ours percentage-wise for a long time. They’re destined for a fine economic future, just like we are.” One of China’s key initiatives is investment in clean tech and renewable energy. According to the IEA ,
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- 4/10/24 - Form PX14A6G
- BRK.B's page on the SEC website