If nothing else, the people who do business with China, will be suffering. That’s a lot of people, because it is such a huge economy now. It’s just like…if America has problems; it affects a lot of people.
If Japan has problems, it affects some people. So there is no question that China will have problems – I don’t know what, or when, or why – but every country has problems, somewhere along the line.
What is a little bit unusual is that it’s been a long time since China has had major problems. That is extremely unusual. That’s one reason I’m not buying many shares in China right now: they have big debts, internal debts, so I’m waiting in case there’s a problem coming out of China.
If there is problem or some problems, I hope, I’m smart enough to buy more china.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
