(From Page 1) Rogers thought now was not the right time to invest in property in China because prices were too high and the government was taking steps to curb the market. “In investment, we think the best opportunities are in areas where governments are investing or will invest large sums of money and we never go for industries which the government is trying to restrict development,” he said. He also held the same opinion on investment in China’s A-share stock market. Rogers suggested the next investment focus in China would be in areas such as culture, resources and education. “Western China was particularly important because the government was investing money in these areas,” he said. Rogers hoped his daughter would study at a Chinese university and learn Mandarin. “I hope she can have a better understanding of the country because it is one of the next most powerful countries in the world,” he said. He said it was not necessary for China to help Europe cope with debt. “As an investor, I would never buy any of its debt. As a country, China could easily open up the European market through this. But I think it is not necessary because Europe will open more to China anyway because China is already a powerful country,” he said. |