risveglio
17th November 2013, 17:49
I'm a fan of Rogers as he is someone that always just seems to just tell you how it is and what he is thinking. He even defends Keynes a little in this interview.
This quote did interest me and he stresses on it again later in the interview. Anyone have any more information on what to watch for or when this is happening?
Well, they're certainly making a big play, a splash about corruption. Many, many individuals within the Chinese government have been put in jail, not just out of this group but the previous group, as well. Look at the United States where nobody – or if anybody, one or two people – has gone to jail in the past decade despite all the major problems whereas in China, thousands of people have gone to jail. So they certainly are doing a better job than we are in the US and perhaps in the West. We'll know a lot more about corruption soon. They're pursuing it and, as I say, many thousands of people have gone to jail.
As we speak, there is a meeting underway in Beijing on what to do about the Chinese economy. It's a plenary council, which only meets periodically. The first meeting was in 1978 where Deng Xiaoping started opening up the Chinese economy, which has certainly been the most important event in the world economy in the past 35 years. In 1993 they had another one, which had dramatic results. The Chinese say that this meeting is going to have equally dramatic and dynamic results and come up with very important changes. We will know a lot more at this time next week about what the Chinese are going to do. It may be as important as 1993 or 1978, and if they do big things, which they say they are, it's going to be perhaps the most important thing affecting the world economy over the next 10 or 20 years.
http://www.thedailybell.com/exclusive-interviews/34756/Anthony-Wile-Jim-Rogers-on-Price-Inflation-Investing-in-Asia-and-Why-China-Will-Continue-to-Boom/
This quote did interest me and he stresses on it again later in the interview. Anyone have any more information on what to watch for or when this is happening?
Well, they're certainly making a big play, a splash about corruption. Many, many individuals within the Chinese government have been put in jail, not just out of this group but the previous group, as well. Look at the United States where nobody – or if anybody, one or two people – has gone to jail in the past decade despite all the major problems whereas in China, thousands of people have gone to jail. So they certainly are doing a better job than we are in the US and perhaps in the West. We'll know a lot more about corruption soon. They're pursuing it and, as I say, many thousands of people have gone to jail.
As we speak, there is a meeting underway in Beijing on what to do about the Chinese economy. It's a plenary council, which only meets periodically. The first meeting was in 1978 where Deng Xiaoping started opening up the Chinese economy, which has certainly been the most important event in the world economy in the past 35 years. In 1993 they had another one, which had dramatic results. The Chinese say that this meeting is going to have equally dramatic and dynamic results and come up with very important changes. We will know a lot more at this time next week about what the Chinese are going to do. It may be as important as 1993 or 1978, and if they do big things, which they say they are, it's going to be perhaps the most important thing affecting the world economy over the next 10 or 20 years.
http://www.thedailybell.com/exclusive-interviews/34756/Anthony-Wile-Jim-Rogers-on-Price-Inflation-Investing-in-Asia-and-Why-China-Will-Continue-to-Boom/