I think it’s better for China to open its currency market as soon as possible. This is not 1981; this is 2011. China is a strong and independent country now, and they don’t have to worry about the currency.
It would be good for China and the 1.3 billion Chinese. Everything China imports will go down in price. You have to have a convertible currency to have a strong international economy. - in China Digital
Related: iShares FTSE/Xinhua China 25 Index (ETF) (FXI)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
