â??Just as England led the world in the 19th century, and America in the 20th century, so China will dominate the world in the 21st century.â?ť — Jim Rogers
For the past two weeks, I have been touring the great Asian countries of Thailand, Singapore, Hong Kong, China, Taiwan and Japan as part of the FreedomFest Asian â??Cruise to Profits.â?ť At the Raffles Hotel in Singapore, Jim Rogers predicted that China would lead the world in the new century and surpass America as the worldâ??s greatest superpower.
While in Hong Kong, I visited the Swinson English Bookstore, which was filled with books about the future of China. A few titles exposed the evils of Mao Tse-Tung and the post-Mao era of capitalism under the new communist rulers. I gradually have witnessed how this giant country has grown from an agrarian poverty-stricken society to the new economic tiger, with economic growth rates exceeding 8% a year since 1980. (Iâ??ve been to China about a half-dozen times.)
In 1997, China took back Hong Kong from the British. Many analysts wondered what would happen to Hong Kong under Chinese communism. The answer is clear: Hong Kong took over China, not the other way around.
Read more about whether China will surpass the United States in the next century at Eagle Daily Investor.