Jim Rogers : China has an Inflation problem

Jim Rogers : ..I suspect they (the Chinese government ) do not , I have never seen a government pull out of the soft landing in history , the Chinese have done a better job in the last thirty years than most countries than most governments have in building their economy , they have done an astonishing job , that does not mean they won't make mistakes , it is going to be very hard to have a soft landing in China or anywhere else especially with inflation which is hitting the world and especially with inflation hitting China ( Inflation in China is at 6.4% at the moment ) they have a blocked currency which makes it you cannot move the currency , trade the currency that makes their inflation even worse so , the Chinese have a problem at least they recognize the problem though , you know America does not recognize that there is a problem , China recognizes that there is a problem and it is trying to do something about it let's hope they pull it out ..." - in Reuters Interview 15 July 2011


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%.