Tuesday, January 10, 2006

Jim Rogers on Asia

In 10 years there will be two great cities in Asia. Shanghai would be No.1 and Singapore No. 2. Of course, there is Tokyo. But the rest of Asia's cities will be second-tier. I don't think Hong Kong will be up there. I don't think China would need Hong Kong once Shanghai gets going, so putting money in Hong Kong property is a waste of time. Hong Kong likes to think that China needs it for its people. There are plenty of smart Chinese in Shanghai and given time they will outsmart people in Hong Kong. I will make this fearless forecast about Indonesia. In 10 years' time, it will be in several pieces. I doubt it can survive in its present form.

Excerpt from "On The Road Again" in APRIL 27, 2001 VOL.27 NO.16 AsiaWeek.com


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