Economic Reform Will Spur Political Change, Soros Says

The country's economic restructuring will bring fundamental changes to its political model, financier George Soros says.

"The undervaluation of the renminbi was a secret weapon of the government because it gave them a way of creating productivity of labor without the people feeling the pain," the 83-year-old Hungarian-American billionaire said in a closed-door meeting during the Davos 2013 World Economic Forum.