Water Shortage is the Biggest Problem in China

American investor and author Jim Rogers says water shortage is the biggest problem in China. The country's water resources are limited but reuse of water is still insufficient and groundwater is being overexploited, reports ifeng, the financial news site run by Phoenix New Media in Hong Kong.

War, famine, civil war or recession can be overcome but drought cannot; people cannot build a society or a country without water, the investor said during an interview with the media.

China is one of 13 countries with the poorest water resources per capita in the world. Its freshwater resources per capita are only one fourth of the global average. As of the second half of 2005, the country had a water shortage of six billion cubic meters. Around 400 of the 660 cities in the country suffered from various degrees of water shortage. Of which the shortage in 136 cities are severe. The figure for water resources per capita in Beijing is close to those in Arab countries, where water is scarce. The groundwater in half of the cities in the country is also polluted.

Jim Rogers : I'd Rather Buy Silver if I have to

Jim Rogers

“If I had to buy one rather than the other today, I’d buy silver because it certainly has gone down more than gold.” - In CBS Market Watch


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

DEBT : If you do not understand history you are going to suffer

I keep going back to what happened throughout history. If you do not understand history you are going to suffer. And throughout history every country that has gotten itself into this kind of situation had problems and they have not gotten out of the situation without a crisis or a semi-crisis.

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers

Street Smarts: My Best Book , I am amazed.

My publisher kept saying, "Why don`t you pull it all together? How you came from the backwoods of Alabama to live in Singapore with two little girls that speak perfect mandarin? That has to be a lot that happened in the meantime, why don`t you tell it, and the lessons that you have learned, the mistakes you have made, and maybe its a good story." To my astonishment, people keep telling me its my best book. I am amazed.

Jim Rogers

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.