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Usually ships in 1 business days | | | Johnny Heller's narration is an interesting cross between the styles of a newscaster and a sportscaster. Heller uses the staccato intonation of both professions. His delivery reinforces Jim Rogers's timely discussion of reasons to invest in China. The book provides a broad sweep of historical and financial information on the world's most populated nation, delivered in quick lines that create a litany of facts, commentary, and travel anecdotes, all encouraging the listener to get involved in the burgeoning Asian market. The cowboy brashness of Heller's delivery holds one's attention and keeps it from wandering during the myriad technical details. M.R. © AudioFile 2008, Portland, Maine-- Copyright © AudioFile, Portland, Maine | | | |
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| | Product Details | | Author: | Jim Rogers | | Hardcover: | 240 pages | | Publisher: | Random House | | Publication Date: | December 04, 2007 | | ISBN: | 1400066166 | | Package Length: | 9.3 inches | | Package Width: | 6.2 inches | | Package Height: | 1.0 inches | | Package Weight: | 0.95 pounds | | Average Customer Rating: |  based on 35 reviews |
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 Poorly written with superficial and limited content Aug 10, 2008
As a big Jim Rogers fan, I am amazed to find myself giving his book a 1 star rating. While his first 3 books were excellent, this book should never have been published.
The book gives a cursory rehash of the "China is the next great super power" argument (which I believe is true) and then just gives long lists of random Chinese stocks with short and shallow rambles in between stock lists.
The book makes it clear that the listed stocks are not recommended stocks, just a long list of all the Chinese stocks that the author could come up with. It's obvious that no research was done on the stocks listed and most have no more than 1 paragraph on them describing what they do.
 own commodities, hold positions in the yuan and profit from Chinese growth companies Aug 07, 2008
1. The Chinese saving and investment rate exceeds 35 percent among its 1.3 billion people.
2. There is room for upward growth in Chinese industry, including power and energy, tourism and media, agriculture, infrastructure, and high tech.
3. American Depositary Receipts is a way for Americans to invest in China.
4. Changes in regulation, reduction of tariffs, and the promise of greater market access for foreign first are beginning to shape competition in fields like banking, media, and telecommunications.
5. Commodities will be a way to profit from China's expansion. Owing a piece of the things that china's hot economy simply can't do without guarantees less need to worry about governments, management, or pension funds.
6. In 2006, China attracted $70 billion in foreign investment and brought their foreign currency reserves about $1.3 trillion.
7. Do you want to profit from increased purchasing power of the biggest middle class the world has ever seen?
8. Huawei Technologies sold 1.5 million notebooks in 2006.
9. Lenovo Group (LNVGY) caters to 160 countries and 2006 revenues reached $1.3 billion
10. China Spacesat (SHA) has increased orders for smaller satellites.
11. Shanghai Aerospace Automobile Electromechanical engages in military and civilian work, makes satellite-data-receiving equipment, auto parts, battery panels, and solar battery panels.
12. 2006, there are 137 million internet user in China and 76% have high speed internet. There are eighty million bloggers. Shanda Interactive Entertainment (SNDA) claims 2.29 million active accounts.
13. China has a baseball league, the CBL, Basketball (CBA), football (CSL).
14. 2006, China had sixty million credit card owners. 2009, the banks break even and by 2013, they are $1.3 billion in the black.
15. 2006, there were 440 million mobile phone services and another 48 million expect to join by 2007. China Mobile is the largest cell phone operator with 300 million subscribers.
16. Keeping holdings in the Chinese Yuan, or renminbi, may be a relatively safe way to hitch an upward ride on China's growth.
17. It is reasonable to expect a 300 to 500 percent rise against the debt ridden US dollar over the next twenty years.
18. In 2005, there were an estimated 510,000 public disputes across China, a sign that some forms of protests are being allowed. Will the turmoil rise to the point where it would seriously affect the business and investment climate?
19. Three reason why China's economy will flourish: a. rural dwellers replenishing aging labor b. corruption is comparable to Asian tigers c. foreign companies will invest to solve China's environmental problems.
20. There are 110 million Chinese carriers of hepatitis B and C.
21. Will China float its currency freely. The yuan levels against the dollar are increasingly strong. Will the higher valuations on the yuan cripple Chinese exports? Foreign investment and Chinese innovation should sustain demand for higher quality Chinese products, a similar cycle that the Japanese import/export cycle experienced in the 70s/80s/90s.
22. Is China heading for a "hard landing" as the Chinese government struggles to control growth. China's growth may not be strongly tied to US economics. In 1997, during the Asian financial crisis, China's market soared 38 percent. In 2000, as the US internet bubble burst, China's economy surged forward 49 percent. The US imports are not the only influence in China. Much of China's growth has been internal and stimulated by domestic demand. Because China is a country with high savings, a stock crash won't have the same impact on capital for expansion. Chinese companies have plenty of places other than the stock market for cash.
23. 2006, sixty-five million investment accounts or 10 percent of the population of China, grow from nothing.
24. What are the biggest challenges facing China? Excess liquidity, balooning credit, an asset boom and over-investment in loss-making heavy industries. All factors in Japan's downturn through the 80s.
25. In 2006, China produced 50 percent of the cameras, 30 percent of the worlds air conditioners, and 40 percent of the microwaves sold in Europe.
26. In 2005, 98 percent of villages were electrified and the second largest consumer of electricity in the world. By the end of the 1990s, the Chinese central government controlled less than 50 percent of the power production. The Big five include China Datang Corp, China Power Investment Corp, China Huaneng Group, China Guodian Corp, and China Huadian Corp.
27. China needs $2 trillion in electricity infrastructure between 2001 and 2030. In China, coal accounts for 70% of the electricity capacity. In 2007, China became a net importer of Coal.
28. China will reach US oil consumption of 20 million barrels a day within twenty years. China imports 3.5 million barrel/day of oil. Chinese oil refineries are among the best-managed enterprises. Due to price control, China ranks with the US among the countries with the lowest gas prices. The Chinese governments have been will to let gas prices rise to regulate use and allow Chinese oil companies to stay profitable. Chinese oil companies boost exports of diesel to take advantage of better prices on the world market.
29. The Chinese government plans on spending $200 billion on renewable energy.
30. China ranks number one in world farm output. China has a rural population of 940 million. China's farm production remains relatively unproductive. A single US farm hand works 140 acres and is 200 times more productive than his Chinese counterpart, who works one acre. China plans on a $42 billion investment in agrarian infrastructure: more efficient irrigation systems, retail markets, and e-commerce.
31. Between 2000 and 2004, China jumped from nineth to fourth in world agricultural exports by emphasizing products they have a comparative advantage: a half pound peach, fuji apples, Chinese Walnuts, mushrooms, garlic, Christmas trees, Mandrin Oranges, and strawberries.
7 of 7 found the following review helpful:
 Not much substance here Jul 06, 2008
I agree with Jim Rogers. China is way too important for investors to ignore. China is growing fast and they are here to stay and perhaps are on their way to become the next great world power. But I found Rogers' book very flimsy. If you are unfamiliar with the changes in China, there are many other better books that can help you to better understand the changes. If you already know about these changes, then this book adds hardly anything. Book is also poorly organized. One minute he can be talking about the different dynasties or the cultural revolution, the next minute he talks about the newest companies in different industries.
From an investor's perspective, it gives you some information about various companies and types of shares (ie: A shares, H shares, etc.). There is no depth though. There are lists of companies in various industries, but Rogers provides hardly any information. He also does not teach you how to find out more about these companies and regulations that might affect investors. For example there are no answers to important questions like: Does China have anything analogous to SEC, GAAP? Where can we get financial statements on companies listed in Shanghai stock exchange? What is executive compensation like? Etc.
If you are thinking about investing in China then it is important to understand their culture, politics and recent business environment and Rogers tries to provide readers with some basic material here, but the lack of depth or new insights make this book not worthwhile. Here are some other books that I recommend:
China Wakes (a little outdated but still very important)
China Road
Wild Swans
0 of 3 found the following review helpful:
Who will eat your lunch? Jul 04, 2008
As a professional in the investment business I highly recommend this book. I will sum it up in a few words. A book that all CEOs, World Leaders and anyone serious about understanding the positioning of the United States in the decades to come. A fascinating book written by an intriguing person, the combination equals a must read.
4 of 50 found the following review helpful:
So When Do We Call It Treason? Apr 13, 2008
Here is a very very far fetched scenario..A professor and his University department and his entire staff works for 10 years using US taxpayer supplied grant money to do research into...lets say GeoSpatial Satellite sytems, its not directly military, no, there is nothing really secret about it, no sir..but it cost the US taxpayer hundreds of millions of dollars. And lo and behold many of his research assistants..just so happen to be Chinese...in fact they were sent to the USA by the Chinese
Communist (there that word is again) Government to the USA precisely to take classes with this professor and to work ever so diligently, almost facelessly until they are in the good professors good graces, standing right at his elbow...taking notes so diligently on GeoSpatial Satellite
technology. Then..lets pretend that they finally graduate and well just seem to disappear. Some time passes and what do you know there is a
miraculously advanced Chinese space program underway. Gosh they are just
advancing leaps and bounds. Jim Rogers and his gang is right there applauding at the marvelous hi tech super power China is becoming and pours his Billions in encouraging others to do the same... the profits are fantastic. Then on page 137 of 2012 Janes Defense Intelligence Yearbook..there is a article on Chinas new GPS guided weapons systems including their nuclear missle guidance systems. It seems the USA is now involved in a new crushingly expensive arms race. But what does this have to do with the good ol'boy from Demopolis Alabama who is such a nice guy? And when in the far distant future..say 2016 some working class American kids who enlisted to escape the America Jim Rogers and gang plundered are
finally incinerated by a GPS guided cruise missle launced by terrorists using Chinese technology bought on the black market...again what does that have to do with good ol Jim?
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