Sniff:
- Jim Rogers: China’s Economic Advance is All But Unstoppable Recently I was reading a 20-year-old book “Market Widzards: Interviews with Top Traders” and was deeply impressed by Jim Roger’s accurate prediction for the world economics in late 1980s. More impressive was his way of viewing the world economics. Now let’s see what he said about China in April 2008:
Keith Fitz-Gerald (Q): Can you see an instance where China fails?
Jim Rogers: Of course. Anybody – and everything – can fail. But [let’s consider] the main problem first.
I don’t worry about war or epidemics or depression or even political upheaval. Everybody has had that. America had horrible problems. We had a terrible Civil War. We had political leaders regularly assassinated 125 years ago. We had massacres in the streets. We had no human rights. We had no rule of law. You could buy and sell congressmen. You can still buy and sell congressmen in America, but they were much cheaper in those days.
America had many disasters, and yet it became the great success story of the 20th Century. As recently as 1907, the entire system went bankrupt in America: The government, Wall Street, everything. And yet, America came out of that and went on to big things.
All of those things can happen in China and would be temporary setbacks. I don’t consider any of them being the end of the China story.
The only thing that worries me permanently about the China story is water.
…
Source: Money Morning. The complete interview can be found in the link above.I only hope he’s right again this time. Interestingly, he was majored in history and another investment guru Senchi Lin, whom I really admire, was also majored in history.
- Is China’s Winning Formula Capitalism Without Democracy? According to my 7-year experience living in Europe, I’m confident to say most native Europeans know very little about China. Most Europeans can hardly imagine there could exist philosophical systems other than the western ideal. The blog linked above was written by an American who is living in China now. If only I could articulate my opinions as well as he is! The most objective, fair and expressive write-up about the Chinese politics and economy I’ve ever read. Strongly recommended. Here he says:
…The world is too complex a place and imposing our will, not to mention our ethical or moral beliefs on 1.5 billion people, is a ludicrous and losing proposition. We also need to be far more realistic and pragmatic in how we deal with the outside world. Don’t get me wrong China is not immune to criticism–-but the criticism should be coming from a more responsible and morally fit source. It should also reflect reality….
At the end of the day, any individual lives on materials but not ideology. I’m just too tired to hear people mentioning there is no democracy in China. How I’d like to ask them back: “Our government has managed to feed up 1.3 billion people and get 0.5 billion people out of poverty. Please do not underestimate its contribution to the world peace and the development of world civilization. Can your government achieve the same? If not, we deserve respect.”
- Mr. Senchi Lin recommends these three stocks again and again based on his fundamental analysis:
- China mobile (HK0941009539)
- China life (CNE1000002L3)
- China merchants bank (CNE1000002M1)
Buy while they are not too expensive yet and hold firmly, for at least 10 years.
Sneeze:
I started working for HaCon mbH at Hannover since April 1st, 2008. HaCon’s business is set around the information distribution for logistic companies. We are not a big company but our customers are all somehow tycoons. I’ll follow up further blogs about how nice this company actually is. Today just let me simply say, I got quite a few job offers from companies near Hildesheim but I chose HaCon almost immediately after the job interview. The daily commute from my home at Hildesheim to HaCon at Hannover costs me about 2 hours. I ride trains and read books on my way. So there is not too much time wasted. What I’m doing now is not thoroughly exercised at university but as a software engineer, forever learning new APIs is totally normal. I like the people in my company and enjoy my job. Have already learnt a lot technical stuff from my department boss. Many thanks here! 
