Salient to Investors:

Jim Rogers said:

  • The most important economic event of the next 10 to 20 years is what happened in Beijing, though largely ignored, particularly by the Western media.
  • Current efforts to reform, if followed through, could take a generation to really bear fruit but Chinese agriculture, railroads, medical care and defense are attractive investments, even if the country’s stock market collapses
  • Buying Chinese stocks, including financials, for the first time since 2008.
  • The overriding concept from the plenum is “when in doubt, the market will decide.” Policy makers seem to have the wind at their back and leaders have put a lot of prestige on the line.
  • Talk about China’s economy being a bubble or that its ascendance will end is reminiscent of what Europeans said about the US after the Civil War. And within a generation after WWI, the undisputed No. 1, the United Kingdom, was no longer that.

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