皇冠体育app

Jim Rogers, co-founder of the Quantum Fund, made a speech on Thursday at the 皇冠体育app Hi-tech Forum 2011 in Shenzhen.[Photo/chinadaily.com.cn]

SHENZHEN – Jim Rogers, co-founder of the Quantum Fund, said Thursday at the 皇冠体育app Hi-tech Forum 2011 that he is still confident that 皇冠体育app is where the money is.

He also told the forum that Chinese cities, including Shanghai, Shenzhen Dalian and Zhengzhou, will be financial hubs worldwide.

He explained that although 皇冠体育app may have its problems, it is the largest creditor worldwide and has saved enough for a rainy day with its huge foreign currency reserve.

"It's now raining and the United States has saved nothing," he said.

The renminbi, 皇冠体育app's currency, will be the only possible currency to replace the US dollar but it needs to be convertible, he added.

Shanghai was once the financial hub between New York and London, something that happens again, he said.

As American laws and regulations are pushing commodities trading outside the United States, the sector could potentially turn to Dalian and Zhengzhou if 皇冠体育app decides to open the markets, Rogers told chinadaily.com.cn.

Many Chinese have yet to realize that 皇冠体育app will be the center of the world and that the 21st century is the century of 皇冠体育app, he said.

The forum is part of the 2011 Hi-Tech Fair 2011, which is held in Shenzhen on Nov 16-21 every year.