Chinese Government is wise to buy a lot of energy and raw materials when prices were low

"the Chinese Government is very wise to buy a lot of energy and raw materials when prices were low. In another 15 years, the world will be shocked by how much energy the Chinese 4 trillion Renminbi gets." Jim Rogers said
Rogers thinks that China's future is very promising. He gives the highest score to Chinese government's response to the crisis in the world. The Chinese government has accumulated a lot of resources and capital in the past 50 years. Now they have begun to put it into infrastructure, and investment health care, education and other causes. In the future the competitiveness of China will be very strong.

He adds, however, Guangdong and other provinces need to focus on exports to domestic market, other Asian countries such as India, Africa and South America. The purchasing power of the United States is unlikely to be as strong as in the past, but rather a long-term decline.


Via People's Daily Online