China has got some problems and they will continue to have problems. Fortunately, they realised the problem. They are trying to cut back on the inflation.
They have made some mistakes too. They should have opened their currency to make it a convertible currency. The fact that it's not convertible and all that money trapped in China is just adding to the inflation. So yeah, they are making mistakes too. Still, I'd rather be with the creditors than with the debtors any day. - in BBC News
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: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.
