Answering a question from the International business Times last week on when he thinks China's GDP will surpass the United States's GDP Jim Rogers answered :" I have no idea. I know we can sit down and do the arithmetic, but that's rarely the way to do anything because projecting past occurrences into the future rarely works. I think the World Bank says by 2020. They're just extrapolating the present trend, first of all. Second, the World Bank has never been right about anything, so I'm sure they're not right about this either.
But to answer your question, I have no idea. I know that China is on the rise, and at least relatively, America is on the decline."
source : http://www.ibtimes.com/articles/43433/20100815/interview-jim-rogers-on-chinese-economy-yuan-policy-and-gm.htm
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%.
Showing posts with label China vs USA. Show all posts
Showing posts with label China vs USA. Show all posts
Saturday, August 21, 2010
Sunday, June 27, 2010
Jim Rogers : China can stand on its own two feet when the United States in a recession
The U.S. is the largest economy in the world, and in my view it's in a recession now, and that's going to have an effect in many places. However, China has a lot of internal growth now which is independent of the U.S.—things like water, tourism, agriculture, or power generation. If the U.S. totally collapsed, people in agriculture in China are never going to know it because there's such a gigantic future there. in usnews.com
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China vs USA
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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 "