What we all need to understand is the rise of China. Everybody talks about China these days, but most people do not seem to understated what’s really happening in China. China is going to be the next great country in the world whether we like it or not.
The 19th century was the century of the UK, the 20th century was the century of the US, the 21st century is going to be the century of China.
Now I know they call themselves communists in China but let me tell you they are amongst the best capitalists in the whole world. In fact in China they save and invest over 35 percent of their income. In America we save and invest 2 or 3 percent of our income.
China has been the most successful country in the past thirty years. They will continue that for a long time.