George Soros in 2015: We would be happy to be engaged in China, but we are not welcome.

George Soros says he would love to engage more with China, but he doesn't feel welcome. They (China) have a very efficient political police. People we help are immediately put in a different category and are much more closely examined. So it's better for us not to be active, because we could be hurting the people who we want to help.

Soros says that there is a reasonable chance that China's market reforms will succeed, which could open the door for more political reform. But if the economic transformation fails, things could quickly deteriorate. "Then the fallback is to hold power and hold the country together by having some external conflict," Soros said. "Obviously China and Japan are set up for that, and then you have a very dismal prospect for the world."