Jim Rogers über C h i n a ; sehr informativ

Emerald, Freitag, 07.12.2007, 15:22 (vor 6194 Tagen)

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Question -- What is China's growth comparable to?

Rogers -- It is their industrial revolution. I don't think we've ever seen a huge economy transformed so quickly as we've seen it happen in China over the past 30 years. We're talking about a billion three hundred million people who've gone essentially from subsistence living to the most rapidly growing economy in the world.

Question -- What's the entrepreneurial environment like in China today?

Rogers -- In China, they save and invest over 35 percent of their incomes. In America, we save and invest less than 2 percent of our income. When people come to work for you in China, they don't ask, "How many holidays do I get?" They say, "How many days can I come to work?" They want to live like we do, and they're willing to work hard, invest, and do whatever they've got to do. The drive in China is the drive America once had.

Question -- Everything we've discussed sounds like Western-style capitalism. But China's still a Communist country.

Rogers -- The Chinese call themselves Communists. No question about that. But they're among the best capitalists in the world. I know people who believe they may be THE best capitalists in the world right now. Everybody in the Communist party is trying to get rich, and the party allows capitalists in.

Question -- What's your take on the US-China trade climate? Are we turning more protectionist?

Rogers -- We are becoming more protectionist. It's frightening. Other countries are starting to close off, too. Nobody in history has ever won a trade war. It's impossible. If it happens, we'll all be in serious trouble.

Question -- What's the biggest domestic risk to China's expansion?.

Rogers -- It's the water problem. In all of northern China, there are shortages of water developing. China is desperately trying to address the water problem. So somebody's going to make a huge fortune from it. But if they don't solve it, it's the end of the story.
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