Via: Bloomberg Asia
-China cannot pull the world economy “out of the hole” through its stimulus spending alone and the global recession is not going to end anytime soon Jim rogers told Bloomberg Asia.
“China can’t solve the world’s problems” Jim Rogers told Bloomberg and added to that statement by saying “China is a wonderful and growing economy but it cannot pull the world out of the hole.”
Is Jim Rogers buying China?
Bloomberg reports Jim Rogers hasn’t bought any Chinese stocks since November as valuations are not attractive.
“I haven’t bought any Chinese stocks since November and haven’t sold anything either,” Rogers said. “I’m waiting for cheaper prices. I’m not buying Chinese shares at these levels.”
Rogers added he remains “extremely bullish” on agriculture and that “commodities are the only sector in the world where the fundamentals are improving.”
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