Sunday, October 20, 2013
Chinese Tourism : The Next Big Industry in the Future
So where are those "right" industries and companies in China?
Jim Rogers : Besides Chinese culture and copyright, the government is giving incentives to support agriculture and food production. Pollution is a nightmare in China, and they know it, so they're spending lots of money trying to clean up the environment. Water is another huge problem—big shortages in the Northeast, it's dirty and there's not enough of it.
Then there's travel. For a long time, the Chinese haven't been able to travel. Now, it's easier to get a passport. When I first drove across China there were no highways, hotels, gas stations. Now you can get into a car and actually go somewhere. There's still a high savings rate, but people are starting to spend more. Chinese tourism—both domestic and international—is going to be a staggering growth business for years to come. I own six or seven Chinese airlines because of that.
The Chinese also are spending huge amounts of money on railroads, and their know-how is better than most people realize. So it's an export market as well, and one company I like is Hollysys Automation Technologies [HOLI]. [Based in Beijing and listed on Nasdaq, Hollysys provides automation and control technology for railways, subways and other industrial customers in Asia and the Middle East.]- excerpt from recent Barron/s interview >http://online.barrons.com/article/SB50001424053111903320604579115481762256534.html#articleTabs_article%3D2
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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Who is Jim Rogers ?
James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator