Legendary investor Jim Rogers on China
Legendary investor Jim Rogers remains bullish on China saying despite a real estate bubble, there are 'better thing to come' for the country.
Jim Rogers : yes I am very optimistic about the future of China , my children speak mandarin , there will be set backs in china , do not worry Felicia there will be many problems in China , there is probably a real estate bubble in urban coastal real estate in China , but that's not china , here we had a huge real estate problem which took us down for many reasons because it was very pervasive that's not China , China has many other things going for , China got a huge saving saving rate , they save and invest 35% of their income , they work from Dawn to Dusk , they are the largest creditor nation in the world .......etc....
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