This article from China Daily provides interesting background on noteworthy investor Jim Rogers, and Rogers also discusses where he is finding opportunities currently:
Successful international investor Jim Rogers is always on top of economic trends, so much so that the legendary Warren Buffett described him as unmatched.
Rogers is also a man of action. After many visits to China, he and his family settled in Singapore, getting his two young daughters to learn Chinese and preparing them for Chinese universities. He says, "China has huge investment opportunities."
Rogers showed interest in China's agriculture sector as early as the 1980s. In his biography he recalled riding his motorcycle from the Taklimakan desert in Xinjiang Uygur autonomous region to the eastern coast. On his way, he said, he was on intimate terms with Chinese buffalos, ducks, lands and people's lives in general.
In 1980, Rogers, then aged 38, decided to retire and spent time traveling on a motorcycle around the world. From 1990 to 1992, he traveled more than 160,000 kilometers across six continents, including China. The feat was picked up by the Guinness Book of World Records. Between Jan 1, 1999, and Jan 5, 2002, Rogers made another Guinness world record journey through 116 countries, covering 245,000 kms with his wife Paige Parker in a custom-made Mercedes.
"I do not have any land in China. I do not farm in China but I believe there are lots of opportunities in China's agriculture sector," Rogers told China Daily. "The (Chinese) government is doing everything it can to help agriculture. China knows it needs to produce more food."
China accounts for one fifth of the world's population with less than 9 percent of its arable land. The State Council suggested in a document released in February that China is aiming to get serious about technology to ensure long-term food supplies.
The council also said in the document that it would increase investment in, and subsidies for, the agricultural technology development this year to stabilize grain production.
China is going to spend 4 trillion yuan ($634 billion) in water conservation projects by 2020, according to a document released in 2011.
Since 2006, global private-equity investment firms, including KKR & Co, Carlyle Group and Blackstone Group, have invested in the Chinese agriculture sector. Blackstone-led investors put about $600 million in China Shouguang Agricultural Product Logistic Park, located in Shandong province. Domestic investment institutions, such as CDH Investments and Hony Capital, have also made investments in farming.
"Investment opportunities in travel are going to be huge. Over the past 30 years, many Chinese were not able to go abroad because of expensive fees and limits. Now the Chinese have become richer and it is easier to get passports to go abroad," said Rogers.
Continue reading.
Successful international investor Jim Rogers is always on top of economic trends, so much so that the legendary Warren Buffett described him as unmatched.
Rogers is also a man of action. After many visits to China, he and his family settled in Singapore, getting his two young daughters to learn Chinese and preparing them for Chinese universities. He says, "China has huge investment opportunities."
Rogers showed interest in China's agriculture sector as early as the 1980s. In his biography he recalled riding his motorcycle from the Taklimakan desert in Xinjiang Uygur autonomous region to the eastern coast. On his way, he said, he was on intimate terms with Chinese buffalos, ducks, lands and people's lives in general.
In 1980, Rogers, then aged 38, decided to retire and spent time traveling on a motorcycle around the world. From 1990 to 1992, he traveled more than 160,000 kilometers across six continents, including China. The feat was picked up by the Guinness Book of World Records. Between Jan 1, 1999, and Jan 5, 2002, Rogers made another Guinness world record journey through 116 countries, covering 245,000 kms with his wife Paige Parker in a custom-made Mercedes.
"I do not have any land in China. I do not farm in China but I believe there are lots of opportunities in China's agriculture sector," Rogers told China Daily. "The (Chinese) government is doing everything it can to help agriculture. China knows it needs to produce more food."
China accounts for one fifth of the world's population with less than 9 percent of its arable land. The State Council suggested in a document released in February that China is aiming to get serious about technology to ensure long-term food supplies.
The council also said in the document that it would increase investment in, and subsidies for, the agricultural technology development this year to stabilize grain production.
China is going to spend 4 trillion yuan ($634 billion) in water conservation projects by 2020, according to a document released in 2011.
Since 2006, global private-equity investment firms, including KKR & Co, Carlyle Group and Blackstone Group, have invested in the Chinese agriculture sector. Blackstone-led investors put about $600 million in China Shouguang Agricultural Product Logistic Park, located in Shandong province. Domestic investment institutions, such as CDH Investments and Hony Capital, have also made investments in farming.
"Investment opportunities in travel are going to be huge. Over the past 30 years, many Chinese were not able to go abroad because of expensive fees and limits. Now the Chinese have become richer and it is easier to get passports to go abroad," said Rogers.
Continue reading.
