despite the 7th straight month in decline in exports China GDP continues to grow and its appetite for commodities never ends , China was said to be stocking up in Gold crude oil and other vital commodities in these last months , , the growth of the GDP is mainly driven by internal demand and not as traditionally by external consumption mostly on the American market , this is setting a precedent , also china is tightening its relations with other major emerging markets like Brazil Russia and India during the past BRIC meeting they agree to boost their internal trade and try to get out of the domination of the dollar . China should help exporters with higher tax refunds and better credit insurance, a senior government official said.
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%.
Thursday, June 18, 2009
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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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