Tags: Jim Rogers | Railroads | Health | China

Jim Rogers: There's a Fortune to Be Made in Cleaning Up China

Jim Rogers: There's a Fortune to Be Made in Cleaning Up China
(Dollar Photo Club)

By    |   Wednesday, 25 November 2015 07:37 AM

International investor Jim Rogers says railroads, health care, tourism, defense and cleaning up China's dirty environment are where investors need to be if they want to make money from the country’s future growth.

He warned the central government against interfering in the stock market or supporting otherwise bankrupt companies, saying the country risked repeating Japan’s mistakes, the South China Morning Post reported.

One result might be “zombie banks” which had crippled Japan’s growth for more than two decades, he said.

“It’s much better to let markets hit bottom and then let markets start over,” Rogers told the South China Morning Post.

“China’s filthy ... someone will make a fortune cleaning up China,” he said. Tackling the country’s appalling pollution was one of several themes Rogers said he had invested in.

Chinese tourism was a “great growth industry of our time,” given pent up demand for international travel, while Chinese farmers “will have a lot of money in the future” thanks to central government plans to boost the country’s rural economy, the Post reported.

Other financial experts are a bit more worried about China.

David Tepper says a yuan devaluation may be coming in China, Bloomberg reported.

Tepper, the billionaire owner of Appaloosa Management, said that the Chinese yuan is massively overvalued and needs to fall further.

His comments follow similar forecasts from some of the biggest hedge fund managers, including Crispin Odey, founder of the $12 billion Odey Asset Management, who predicts China will devalue the yuan by at least 30 percent.

(Newsmax wire services contributed to this report).

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Fortune to Be Made in Cleaning Up China, Says Investment Guru Jim Rogers International investor Jim Rogers says railroads, health care, tourism, defense and cleaning up China' s dirty environment are where investors need to be if they want to make money from the country's...
Jim Rogers, Railroads, Health, China
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2015-37-25
Wednesday, 25 November 2015 07:37 AM
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