How come investor Jim Rogers has all the best book titles? Investment Biker was a great title, and his new book A Bull in China is right up there too. Anyway, the fund manager and boffo China bull has a new book out on the country, and it’s getting positive initial commentary.
The blurb from the publisher’s site:
- The Chinese economy’s growth rate has averaged 9 percent since the start of the 1980s.
- China’s savings rate is over 35 percent (in America, it’s 2 percent).
- 40 percent of China’s output goes to exports (so there’s no crippling foreign debt).
- $60 billion a year in direct foreign investment, combined with a trade surplus, has brought Beijing’s foreign currency reserves to over $1 trillion.
- China’s fixed assets–ports, bridges, and roads–double every two and a half years.
In short, if projections hold, China will surpass the United States as the world’s largest economy in as little as twenty years. But the time to act is now.
I’m planning to read it, so I’m curious to hear any comments.