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If there’s one investing theme that won’t go away, it’s China. The world’s third-largest economy and one of the fastest-growing economies, the biggest consumer market on the planet, the largest holder of U.S. government debt, and the driving force behind most commodities markets. As for equities — if they’re selling in Shanghai tonight, you can bet the Dow will be lower tomorrow.
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Its economic clout is more prominent than ever, a year after the financial meltdown began and 60 years after the Communist Party took power. How can you capitalize on it?
Mr. Rogers, a native of Demopolis, Alabama, is an author, financial commentator and successful international investor who has also been a visiting professor at Columbia University. After attending Yale and Oxford University, Mr. Rogers co-founded the Quantum Fund with George Soros. During the next 10 years in the 1970s, the portfolio gained 4200 per cent, while the S&P rose less than 50 per cent. Mr. Rogers then decided to retire — at age 37.