Rodgers: RMB Will Appreciate And Chinese Stock Will Be Left To Daughter.

Jim Rogers, the famous international investment guru and co-founder of quantum fund, said that in the next 30 years, the renminbi will be very strong and will become more and more valuable.

He said, "the renminbi will be the only currency that I can see in the future. It will replace the US dollar at some point in time. There may be some other currencies in the middle, but I haven't seen it yet."

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< p > it is reported that Rodgers made the above remarks at the first summit forum of the China trading market of the precious metals exchange of Northeast Asia in February 21st.

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< p > "I am holding" a href= "//www.sjfzxm.com/news/index_cj.asp" RMB "/a" in my own hands. I will not sell the renminbi.

If you sell the renminbi, I will be happy to buy it. "

Rodgers said the US dollar as the world's reserve currency is constantly changing.

Because the United States is now the largest debt nation in world history, and there is no chance of debt reduction.

Therefore, the United States may encounter more crises in the future.

He warned investors that they might be more cautious when buying dollars.

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Rodgers P believes that one day, China's currency will be more open.

With the strengthening of the convertibility of the renminbi, the market will become more active.

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< p > "I will not hold too many" a href= "//www.sjfzxm.com/news/index_cj.asp" > US dollar < /a > because I know there will always be some dollar problems in the market.

In the next two to three years, when the market is really in turmoil, many people in the world will probably throw their dollars in the us very quickly.

Rodgers said that if the dollar had been fortunate enough to go up in recent times, he would sell the US dollar and buy other currencies, stocks, bonds and so on, waiting for appreciation.

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< p > Rodgers introduced his first purchase of a href= "//www.sjfzxm.com/news/index_c.asp" > Chinese stock < /a > in 1988, began buying some other stocks slowly in 1999, bought a Chinese stock in 2005 and bought it again in 2008 October.

"Actually I have some other assets, and my assets may be slowly sold, but Chinese stocks will be left for my daughter."

Rodgers said he bought some Chinese stocks after the the third Plenary Session of the 18th CPC Central Committee meeting.

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< p > "I have gold in my hand now. My daughter has gold and silver in her hand.

In the next three or four years, I will continue to hold this part of gold and silver, and my daughter will continue to hold it. "

Rodgers emphasized.

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< p > Rodgers believes that although China will encounter some setbacks in the course of development in the next ten to fifteen years, it will not hinder its further reform and opening up and steady development.

He predicts that China will rise again as many countries predict in the course of future development.

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