Berkshire’s Munger says will like to have China’s financial structure in U.S. – CNBC

Vice Chairman Charles Munger of Berkshire Hathaway Inc speaks at the Daily Journal annual meeting in Los Angeles, California, on February 15, 2017. REUTERS/FILES/Lucy Nicholson Reuters, June 29 – According to a CNBC interview aired on Tuesday, Berkshire Hathaway Inc. (BRKa.N) vice chairman Charlie Munger said he would not want all of the Chinese systems, but would prefer to have the financial element of it in the United States. “I don’t want the whole Chinese system,” 97-year-old Munger told CNBC. “But I certainly would want to have the financial component of it in my own nation.” Maria Ponnezhath and Aakriti Bhalla in Bengaluru contributed reporting, and Amy Caren Daniel edited the piece. The Thomson Reuters Trust Principles are our standards. Continue reading