Jim Rogers on China: Keep the Faith
It was a rough year for China bulls like Jim Rogers, who as an author and investor has long championed the world’s No. 2 economy. In 2012, China endured a series of corruption scandals involving princelings such as Bo Xilai, the purged party boss of Chongqing. At the same time high-profile fraud allegations aimed at Chinese companies shook investors’ confidence. Growth slowed as the country’s exporters felt the pinch of slumping demand in Europe. The Shanghai composite benchmark index was down about 2 percent as of Dec. 18, among the world’s worst performers for the year.
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