Saturday, July 26, 2014

China should open the Yuan

China started yuan appreciation in 2005 but now they are doing it at a much slower pace. This is not 1914, this is 2014. China is the most successful country in the world. With 30-35 years, they have huge foreign currency reserves. I don't know what they are worried about. They say they will allow full convertibility and yes, they do something every month and quarter but I will do it today.

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).