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The
miraculous rise of China
Jim
Rogers: China’s economic advance is all but unstoppable.
According to Rogers, a global investment guru, China’s
long-term prospects are so strong that even a civil war, an economic collapse
or political assassinations would only temporarily delay its emergence as a
worldwide economic powerhouse.
He adds that this economy has
been building a head of steam for 25 years. And now it is creating the
biggest economic boom since the Industrial Revolution.
‘Miracle’ is the right word to describe
what is happening today in China. As this once-great land modernizes and
shifts to a market-driven economy, the staggering economic growth taking
place there will continue for the foreseeable future. The profit potential
for investors who truly understand what is happening inside China is equally
staggering.
Every major trend is either driven by China or,
at minimum, heavily influenced by it. This is true for energy, commodities,
technology, bonds—even real
estate.
As this land of one billion people modernizes and
makes the leap to capitalism at the same time, I believe we will profit from
some of the best investment opportunities of our lifetimes.
“In
one astounding decade,” says Rogers, “China’s manufacturing base for
durable goods increased one hundredfold.”
If
projections hold, China is set to surpass the United States as the
world’s largest economy…
Beijing
now has foreign reserve currencies surpassing $2.4 trillion—now the largest in the
world…
As the world’s investors continue to hide in
panic, shrewd investors like you and me are going to make a bundle as
investment in China surges and the country uses its new-found capital to
build more roads, bridges and other infrastructure at record pace.
A recent report by McKinsey Global Institute will
tell you the same thing:
“In 20 years, China’s cities will have added 350
million people—more than the entire population of the United States today.”
“By 2025, China will have 221 cities with more
than one million inhabitants—compared with 35 in Europe today—and 24 cities
with more than five million people.”
“By 2030, one billion people will live in China’s
cities… 170 mass-transit systems could be built… 40 billion of square meters
of floor space will be built in five million buildings—50,000 of which could
be skyscrapers.”
In other words, as China transforms itself from a
nation of farmers to a nation of urban dwellers, the equivalent of 10 New
York cities will need to be built, and in doing so, will richly reward
investors who invest now.
Truth is, China will continue to grow…
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