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Rogers optimistics on China's economy
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16:16, September 14, 2009

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At the ongoing second China International Financial Services Conference in Guangzhou, financial investor Jim Rogers says the nation's property market is overvalued, but there is plenty of opportunity in the stock market.

The global financial crisis has lasted for a year and there is widespread concern about where the economy is headed. One financial investor sees opportunities in China while also warning of risks in the property market.

Central banks around the world are busily printing bank notes while Consumer Price Indexes have increased everywhere. This has stoked inflation worries. Rogers suggests that people invest in substantial assets.

Referring to the response to the economic crisis, Rogers says the Chinese government took precautions to save heavily before the downturn. He admires the way China spends that money to improve its competitiveness and future development.

During the current financial crisis, the creditor nations have been in Asia, while debtors are from America and Europe. This is causing capital to flow from the West to the East. Rogers adds that the 19th century belonged to Britain, the 20th century to the US, and the new century to China.

Source:CCTV.com



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