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%.

Friday, January 28, 2011

The Truth About Doing Business In China

NEW YORK (TheStreet) -- John Kuhns, author of the book China Fortunes and CEO of China Hydroelectric Corporation, discusses the reality about doing business in China.




As much is American businesses have learned about China in the past decade. We still have a long way to go says author and CEO John --
John Kuhns, :....I think they're very misinformed I I think you've got to really goes there and you're gonna be dazzled by what you see but also you're gonna be. Impressed by what you learned how different is that in the pages. Of the of the New York Times (NYT) -- Wall Street Journal. -- Chinese businesses play fair. I'm not entirely they definitely. Rely on the government to steer -- and I think foreign businesses in general. Have a distinct disadvantage but the idea -- there is to make yourself -- Chinese is possible get the right partners do business away. How big a part of every -- Chinese business. Is the Communist Party. You you never see it it's really not a quote on quote Communist country -- it's a country about making money. Communist Party is just a way of putting all these guys in their corners of boxes and so forth that's -- How difficult is it to do business in China. I found it to be actually pretty straightforward. -- do business it's a heck of a lot better to do business in China -- India. There's no legal system over there really to speak....

Jim Rogers : I do not plan to own the US dollar 5-10 years from now at all

Jim Rogers :.."...I own the US dollar at the moment because there have been many-many sceptics on the US dollar. I expect it to rally for a while. I do not know whether I would own it for a week or a month or a year. I just do not know. I do know that as long as there are many-many skeptics, there is a good chance that it will rally, there are some things going on in the US which may cause the rally to go even further. I am not selling my dollars if it goes down, I might even buy more US dollars, but longer term the US dollars may be in terrible-terrible shape. It is a very flowed currency; I do not plan to own the US dollar 5-10 years from now at all and may be sooner. ...."
in www.economictimes.indiatimes.com
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 "
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