Jim Rogers has long left the United States and brought his family to live in Singapore where they can learn Mandarin. He believes that the 21st century will be the century of China and therefore being able to speak the language will give them a great advantage in the future. His children are now even able to speak the language fluently like a native.

Rogers voted for Asia with his feet. He made sure that the future of his children is in Asia and therefore his future is in Asia. Although he believes that Asia is still going to suffer economically, it will suffer less than developed countries.

About the current property bubble in China, Rogers says, “Certainly urban coastal real estate in China was in a bubble – that bubble has popped. How far down it has to go, I don’t have a clue. Probably a lot further because usually when bubbles pop, a lot of people get hurt. But it’s not like in the US where in the US, people are buying four or five houses with no job, no down-payment. You know, and then the banks were taking the mortgages and jigging them up even more. China didn’t have that kind of problem. You’re going to see real estate developers go bankrupt in China – no question about that. But it’s not going to be the end of the Chinese economy as it was in the US, the UK, Spain and a few other places.”

Watch the whole interview here.

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