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%.

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%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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