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, November 17, 2011

Jim Rogers: China is where the money is

"It's now raining and the United States has saved nothing," he said. The renminbi, China's currency, will be the only possible currency to replace the US dollar but it needs to be convertible

China is where the money is.

Chinese cities, including Shanghai, Shenzhen Dalian and Zhengzhou, will be financial hubs worldwide.

although China may have its problems, it is the largest creditor worldwide and has saved enough for a rainy day with its huge foreign currency reserve.

Shanghai was once the financial hub between New York and London, something that happens again,

As American laws and regulations are pushing commodities trading outside the United States, the sector could potentially turn to Dalian and Zhengzhou if China decides to open the markets,

Many Chinese have yet to realize that China will be the center of the world and that the 21st century is the century of China , Jim Rogers, said Thursday at the China Hi-tech Forum 2011 The forum is part of the 2011 Hi-Tech Fair 2011, which is held in Shenzhen on Nov 16-21 - in chinadaily.com.cn

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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