Global Times reporter writes book on China investment based on Jim Rogers interviews

By Zhang Hongpei Source:Global Times Published: 2017/9/10 14:43:39

The book Talk to Jim Rogers for Seven Days — How to Invest in China written by Global Times reporter Zhang Ni in Chinese was launched on Saturday in Beijing.

Jim Rogers, the famed US investor, was also on hand at the event as well as representatives from media, business and academic circles.

Zhang based the officially authorized book on two years of interviews with Rogers, who is also the author of A Bull in China: Investing Profitably in the World's Greatest Market.

Based on two years of interviews, the book elaborates on Jim Rogers' concepts of investment and his methods of success for investing in China accumulated over almost 30 years.

"China will be the most important country in the world in the 21st century," Rogers said at the launch, adding that he is especially optimistic about sectors such as agriculture, tourism and financial services.

"The reform and opening-up of China has released the enormous enthusiasm of Chinese people dedicated to start-up business, and Chinese enterprises have begun to show their huge potential," Rogers said, noting such achievements are inseparable from the efforts of China's leaders who have been encouraging change and innovation.

Zhang Jianjun, executive deputy general manager at Huarong Securities, explained at the event that while the domestic stock market capitalization has reached $10 trillion, with more than 3,200 companies going public, its development is still in the fundamental phase.

"There is much room for China's stock market to grow in the future," Zhang Jianjun noted, adding China's stock market will see growth between $20-30 trillion with 6,000 listed companies.

Because China is more globalized and has increased borrowing, in the next financial crisis, some people who have debt or who are doing international businesses might be impacted more, according to Rogers. 

Rogers believes China has incurred less debts compared with the US and European Union, and China's overall direction will not change.

Posted in: ECONOMY

blog comments powered by Disqus