Jim Rogers: China will certainly be the largest producer and consumer of automobiles in the next several years

Jim Rogers: China will certainly be the largest producer and consumer of automobiles in the next several years. I don’t know how much they will produce or consume. You have 1.3 billion Chinese, I would remind you. So let’s see, a 100 million would be 8 percent of the population. That would be pretty high compared to the U.S., for instance. I think in the U.S. we produce 13 million or 14 million in a good year. And we have 300 million people. So with that kind of ratio, yours is pretty high. On the other hand, China has virtually no cars and only started producing and buying cars 15 years or so ago. So yes, it could happen; I have no idea. It’s not going to collapse, that’s for sure. - in HardAssetsInvestor
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%.