I’m Not Giving Up on China

China’s market has performed better than any other in the world, including the United States, over the past year despite recent stock market turbulence, veteran US investor Jim Rogers told Sputnik.

WASHINGTON (Sputnik), Liudmila Chernova – Rogers observed that the Chinese currency has consistently been the second strongest currency in the world.

“The Chinese currency is down about three percent against the US dollar but three percent fluctuations are nothing,” the investor claimed.

Earlier in September, media reports suggested China would launch in October a global crude oil futures contract, priced in yuan.

“The Chinese are the largest producers and largest consumers of many commodities, so, certainly, there should be a market in China for most things. So, I find it a further step in opening up China to the outside world, which is good for the world and good for China,” Rogers said.

The new Chinese crude futures contract would be the first to allow participation by international investors.

Reprinted from Sputnik News.