Jim Rogers : in China they save & invest over 35% of their income

Jim Rogers : “Most of Asia, in my view, is not [making mistakes],” said Rogers. “They have a very high savings rate, a very high rate of investing, which is how you develop economies. Japan is the one exception to that. They’ve got staggering internal debts. But in China they save and invest over 35% of their income. Here in Singapore where I live, they also have a very high savings rate. Asia is doing better [than everywhere else]. The largest creditor nations in the world are China, Korea, Japan, Taiwan, Hong Kong, Singapore…this is where the assets are. You know who the debtors are and where they are, and they keep running up debts, and the savers and investors keep building up their savings. So, I’d rather be with the creditors than the debtors.”
- in The Money Man Report
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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%.