Monday, December 08, 2008

Jim Rogers on rise of China

Economist and investor Jim Rogers speaks in the Netherlands about the economic rise of China.

He thinks it's possible that China's markets have bottomed, but whatever the case, he sees the Chinese as among the world's best capitalists, if not the best, despite being a communist country. Rogers is teaching his daughters Chinese and lives in Singapore.

Personally, while I think China may indeed be the most important single economic power in the future, we will see a trend were regions rather than nations set the trends. Thus blocks like the Asian Union, European Union, etc. will be important to watch.