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Product Description
If the twentieth century was the American century, then the twenty-first belongs to China. Jim Rogers shows how any investor can get in on the ground floor of the greatest economic boom since England's Industrial Revolution. In this new book, Rogers brings his unerring investment acumen to bear on this huge land now being opened to the world and exploding in potential. Rogers has been tracking the Chinese economy since he first went to China in 1984. In the decades that followed, the Chinese economy's growth rate has averaged 9 percent. China's savings rate is over 35 percent. 40 percent of China's output goes to exports. $60 billion a year in direct foreign investment, combined with a trade surplus, has brought Beijing's foreign currency reserves to over $1 trillion. China's fixed assets - ports, bridges, and roads - double every two and a half years. In short, if projections hold, China will surpass the United States as the world's largest economy in as little as twenty years.
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