Jim Rogers

SynonymRogers(Americaninvestorandfinancialscientist)generallyreferstoJimRogers

osobní vztah

Errorcorrection

Oprava chyb vypnutí

  • HappyDaughter·Rogers

    Existuje chyba49838432Zpětná vazba

Raný život

Rogers se narodil v Baltimoru v Marylandu a vyrostl v Demopolis v Alabamě.

Život postavy

In1964,RogersgraduatedwithhonorsfromtheHistoryDepartmentofYaleUniversitywithabachelor'sdegree.HefoundhisfirstjobinDominicandDominiconWallStreet.

In1966,Rogersreceivedhissecondbachelor'sdegreeinphilosophy,politicsandeconomicsfromOxfordUniversityandbecameamemberofBalliolCollege.

Po roce 1980 zahájil Rogers svou vlastní investiční kariéru.

In1984,whentheAustrianstockmarket,whichwasseldompaidattentiontoandunderstoodbytheoutsideworld,plummetedtohalfofwhatitwasin1961,RogerspersonallyvisitedAustriawheretheincidentoccurred.Aftercarefulinvestigationandresearch,Rogersdecidedthatanopportunityhadcome.HeboughtalotofstocksandbondsofAustriancompanies.Inthesecondyear,theAustrianstockmarketcamebacktolife.TheAustrianstockmarketindexroseby145%intheskyrocketingprice.Rogersmadeabigprofit,sohewascalledthefatheroftheAustrianstockmarket.

In1987,theJapanesestockmarket,whichcontinuedtoriseforseveralyears,graduallysloweddown.RogersforesawthatthedeclineintheJapanesestockmarketwasabouttobegin.In1988,hebeganshortsellingJapanesestocksinlargequantities.Theresultafterwardswasjustasheexpected.EachoftheJapanesestockshesoldshortfelloneafteranother,andhemadeabigprofitbecauseofthis.

V první polovině roku 1987 předvídal, že akciový trh v USA se zhroutil, takže krátké zásoby byly ve správný čas. 19. října 1987 se americký akciový trh zhroutil a jeho operace krátkého prodeje byla opět úspěšná.

OnFebruary12,2019,accordingtoYonhapNewsAgency,JimRogerswasinvitedbyKimJongUntovisitNorthKoreainMarch;inApril,hereceivedanhonorarydoctoratefromPusan​​NationalUniversityinrecognitionofhiswork,ThebookshowshispositivemessageaboutthereunificationofNorthKoreaandabrightfuture.

Cestování po světě

In1980,RogersleftSoros’QuantumFundwith20%ofthecompany’scapitalprofit-14millionU.S.dollars,startinghisdazzlingfascination.Independentinvestorcareer.FromPortugal,Austria,Germany,toSingaporeandBrazil,Rogers’investmentstyleof“bettingonthecountry”isvividlymanifested.Inordertosecureawinningticketininternationalinvestmentactivities,JimRogerslikestotravelaroundtheworld,visitallpartsoftheworld,experiencenewthings,andmeetnewpeople.Heregardstheseasthemostdirectwaytounderstandthedynamicsofthesecuritiesmarket.In1990,herodeaBMWmotorcyclearoundtheworld(excepttheArcticandAntarctic)withadistanceof104,700kilometers,breakingtheGuinnessWorldRecord.Thiswayofcombininginvestmentresearchwithtourismandentertainmenthasenrichedhispersonallifeandpreparedvaluablefirst-handinformationforhiscorrectinvestment,whichwaswrittenas"RogersGlobalInvestmentTravel".

1. ledna 1999 začal znovu cestovat po světě z Islandu a napsal „PlaytoEarntheEarth“.

Klasická investice

RogersAtlas (8 fotografií)

In1973,duringtheEgypt-Israelwar,whentheEgyptianandSyrianforceswereinlargenumbersDuringtheoffensive,Israelsufferedthousandsofcasualtiesandsufferedheavylossesintanksandaircraft.Israelwasshockedtofindthatalthoughithadbetteraircraftandpilots,theEgyptianAirForceclearlyhadanunusualadvantage.RogersdiscoveredthatthereasonwasthattheformerSovietUnionsuppliedelectronicequipmenttoEgypt,buttheUnitedStatescouldnotsupplyIsraelatthattime.BecausetheUSdefenseworkduringtheVietnamWarfocusedondailysupplies,itneglectedlong-termtechnologicaldevelopment.OncetheUSDepartmentofDefenserealizesthis,large-scaleinvestmentwillbeinevitable.

In1974,theprofitofRockerAirlines,whichproducesaircraftandmilitaryequipmentintheUnitedStates,fellsharply,andtherewererumorsthatitwasabouttogobankrupt.Duringthisperiod,thestockpricefelltothebankruptprice:$2.ThecalmRogerssawfromtheinternationalcompetitionthatthemilitarytechnologycompetitionbetweentheUnitedStatesandtheSovietUnionisboundtointensify,andtheU.S.governmentwilldefinitelyfocusitsgreatattentiononproducingthebestequipmentfornationaldefense.Therefore,ROCwillreceivestrongpolicysupportfromtheUSgovernment.Basedonthisforesight,heboughtalargenumberofROCstocks.Soonafter,theROCstockssuddenlybrokeoutofsilence,andthestockpricerosefrom2USdollarsto120USdollars.TherewasalsoE-Systems.E-Systemswasstillunknownatthetime,butafterconsultingwithLockheed,Rogers,coupledwithreadingperiodicalsandconsultingmilitaryexperts,knewthatthiscompanywastheirmaincompetitor,soheboughtalot.Thefundrosefrom0.5USdollarsto45USdollars,andthefundwasveryprofitable.Inthisinvestment,Rogers'emphasisonindependentthinkingisfullyrevealed.Heneverconsultedso-calledstockmarketanalysts,believingthattheywouldonlytalkonpaper,eitherblindlyarrogantorunreasonablyworried.Thestockmarketanalystsareabitlikefortunetellers.Ifthefactsarelikewhattheyareanalyzing,wouldn'ttheyallalreadyhavealotofmoney?Therefore,Rogersbelievesthatthemostimportantthingforinvestorsistodeveloptheabilitytothinkindependently.ThisisalsothebiggestreasonforthesuccessofhimandSoros.

Rogers’smostoutstandingfeatureisthatheisoftensurprisinglycalminthemarketwhenthemarketiscraziest.Hewaitsuntilthemarketstartstoruninagapingmanner,andhebecomesadecisiveShortsellers.Inafewdays,peoplewillbeabletoseethatthosecrazyinvestorshavebecomepanicpeople.Ashesaid:"Ifthemarketcontinuestomoveinthedirectionitshouldn't,especiallyifitreachesacrazyclimax,thenyouknowthatthemarketwillprovideyouwithanopportunitytomakebigmoney."InOctober1987,areporterinterviewedJamesWhenRogers,heforesawthattheU.S.stockmarketwasabouttoplummet,sohesoldthestocksshortattherighttime.OnOctober19,1987,theU.S.stockmarketcrashedandhisshort-sellingoperationwassuccessfulagain.

Vydávání knih

Investiční pravidla

1.Píle

"Nemyslím si, že jsem chytrý, ale pracuji velmi, velmi, velmi tvrdě. Pokud dokážete pracovat velmi tvrdě a milujete svou práci, máte možnost úspěchu." To potvrdil Soros.

2. Nezávislé myšlení

"Ialwaysfinditusefultoimmersemyselfinstudying.IfindthatifIonlyactaccordingtowhatIunderstand,itiseasyandprofitable,insteadofaskingotherstotellmewhattodoDoit."RogersnevervaluedWallStreetsecuritiesanalysts.Hebelievesthatthesepeoplefollowthetrend,butinfactnoonecanmakeafortunebyfollowingthetrend."Icanguaranteethatthemarketisalwayswrong.Youmustthinkindependentlyandputasidetheherdmentality."

3.Nechoďte na obchodní školu

"Studyhistoryandphilosophy.Doinganythingisbetterthangoingtobusinessschool;beingawaiterandtravelingtotheFarEast."RogersalwaystoldallthestudentswhenhewasteachingatColumbiaSchoolofEconomics,Youshouldn’tcometotheSchoolofEconomics.It’sawasteoftime,becauseyou’llspendabout$100,000duringyourstudiesafteryoucounttheopportunitycost.Insteadofgoingtoschool,thismoneyshouldbeusedtoinvestinbusiness,althoughitmaymakemoneyorlosemoney.,Butnomatterhowyoumakeorlosemoney,youcanlearnmorethansittinginaclassroomfortwoorthreeyearsandlisteningtothose"seniorprofessors"whohaveneverdonebusinesstalkingaboutit.

4. Nikdy nevydělávejte peníze.

"Don’tdoanythingunlessyoureallyunderstandwhatyou’redoing.Ifyoumake50%ofyourprofitsfrominvestmentintwoyears,youlose50%inthethirdyear.%,then,youmightaswellinvestyourmoneyinthetreasurybondmarket.Youshouldwaitpatientlyforagoodtime,makemoneyandtakeaprofit,andthenwaitforthenextopportunity.Onlyinthiswaycanyoubeatothers.""So,myadviceisNeverlosemoney,dowhatyouarefamiliarwith,andwaituntilyoufindagreatopportunitytoinvest."

5.Pravidla hodnotového investování

Pokud koupíte, protože zboží má reálnou hodnotu, i když je načasování nákupu nesprávné, neutrpíte velkou ztrátu." Normální doba, je nejlepší v klidu, při nejmenším obchodu, tím lépe a vždy trpělivě čekejte, až přijdou investiční příležitosti."

6. Čekání na vznik katalytických faktorů

Markettrendsoftenshowlong-termsluggishness.Inordertoavoidmakingfundsfallintoastagnantmarket,youshouldwaitforthecatalyststhatcanchangethemarket'strendtoappear.

7. Zákon tiché ctnosti

"Oneofthelawsofinvestmentistoleaveyourhandsalone,unlesssomethingmajorhappens.Mostinvestorsalwaysliketogoinandout,lookingforsomethingtodo.Theymightsay,'LookSeehowcleverIam,andImadeanotherthreetimes.'Thentheywenttodootherthings,theyjustcouldn'tsitdownandwaitforthenaturaldevelopmentofthegeneraltrend."Rogerswasverydisapprovingofthe"tryyourluck"statement."Thisisactuallyadeadendthatledtoinvestorbankruptcy.Somepeoplewhohavesufferedlossesinthestockmarketwillsay:'Ihavelostasum,Imusttrytomakeitback.'Themoreyouencounterthissituation,themoreyoushouldcalmdown.,Waituntiltherearenewconditionsinthemarketbeforetakingaction."

Investiční pohledy

Naučte se investovat

Jak investovat v Číně:

IninvestinginChina,Iwilldefinitelyfollowthegovernment.TheChinesegovernmentissmarterthanmeandricherthanme.Iputthemoneywherevertheyputtheirmoneyandwhichindustrytheyarewillingtospenditin.

Co je třeba zvážit před investováním:

Isawthatathingischeap,Ithought,thisthingischeaphere,canitbeplacedelsewhere?Aretherealternatives?CanIgetprofitsbybuyinglowandsellinghigh?Willactimmediatelyafterdrawingaconclusion.

Mluvte o investicích

Jsem optimistický ohledně železnic, zemědělství, lékařské péče, financí

"InChina,theimpactofpoliciesonthemarketeconomyisnotsmallLook.Ofcourse,ifthegovernmentsofEuropeanandAmericancountrieswanttointerferewiththeeconomy,theycandoit.Therefore,wheninvestinginChina,Iwilldefinitelyfollowthegovernment.TheChinesegovernmentissmarterthanmeandricherthanme.Theyputmoneyintoit.Wheretheyarewillingtospendmoneyinwhichindustry,Iwillputthemoneywhere."Rogerstoldreporters.

Rogerstoldreporters: „Nevyužil jsem dvě příležitosti čínské reformy a otevření v roce 1978 a 1992. Nyní se Čína reformuje do hloubky, než se věnuje novým příležitostem. Tentokrát jsem si všiml několika průmyslových odvětví.

RogerstalkedtoreportersabouttherecentAnextremelynewtopicinthecapitalmarket-Shanghai-HongKongStockConnect.

“AlthoughtheShanghai-HongKongStockConnectwillnotbeimplementeduntil6monthslater,Ican’twaittoimplementitimmediately.Theimmeasurablepositiveeffects,includingthefullfreeconvertibilityoftherenminbi,andthegradualliberalizationofChina’svariouspolicies,willdefinitelyhaveabeneficialimpactontheChineseeconomy.”Rogerssaid.

Whentalkingabouthisinvestmentlogic,Rogersspreadhishandsoutandsaidleisurely:“Actually,whatIcanfindandobserveinChinacanbedonebyeveryChineseperson.It’sjustthatIobservedandthenpassedMythinking,Iactedimmediately.Forexample,ifIsawthatanitemischeap,Ithought,thisitemischeaphere,butcanitbeplacedelsewhere?Aretherealternatives?CanIgetbenefitsbybuyinglowandsellinghigh?IlovetothinkaboutwhatIobserve,andactimmediatelyafterIdrawaconclusion."

Co ostatní nechtějí dělat, jít, kam jiní nechtějí, to je Rogersova investiční logika Rozdíl.

RecommendationsforChineseInvestingintheU.S.StockMarket

"FormoreandmoreChineseenteringtheU.S.stockmarket,Rogersrecommendsinvestingintheabilitycircle."Mostpeoplefailininvestingbecausetheydon'tknowwhattheyaredoing.Theyalwaysrelyongossipandsuggestionsfromothers.Thisisnottherightway.Ifyouknowacompanywell,youcaninvestafterinvestigation,otherwiseitisbestnottoact."

Investice do čínských společností

InDecember2017,JimRogersrevealedinaninterviewthathewasnotoftenknownabouthisknowledgeoftheChineseeducationindustry.Hisattentionandinterest.Hesaid,“IamwatchinginvestmentopportunitiesintheChineseeducationmarket,andIamwatchingeverytrack.Withtheopeningofthesecond-childpolicy,moreandmorepeopleinChinawillhaveeducationalneeds."Infact,Rogers’investmentinChina’seducationsectorhasalreadybegun.In2016,heinvestedinaChineseeducationcompanycalledGoodTalk.ThisisthefirsttimethathehasbecomeanaturalpersonshareholderofaChinesecompany,aswellashisownpersonalInvestinginanunlistedcompanyforthefirsttimeininvestmenthistory.

Povídání o ekonomice

Volatilita je nevyhnutelná a výhled je stále dobrý

"21stCenturyItbelongstoChina."Rogersreiteratedthispointtoreportersagainyesterday.

RogersbelievesthattheinfluenceoftheChineseeconomyintheworldwillbecomeveryimportant.Thisisundoubtedly,butthisdoesnotmeanthatitwillnothappen.Somegrowthordeclinecyclesarerepeated.Therefore,itisnormalfortheChineseeconomytoexperienceupsanddowns,anditdoesnotaffectthelong-termimprovementoftheChineseeconomy.

WhileRogersisoptimisticaboutChina’seconomicprospects,healsomentionedthecurrentChineseeconomy.Thereareseveralproblems."Thefirstismonetarypolicy,includingthefactthattherenminbiisnotyetfullyconvertible,whichwillhindereconomicdevelopment;thesecondisthatenergysubstitutionneedstobefurtherdeveloped.Manyenergysourceshavenotyetfoundsuitablesubstitutes.Therearenotenoughreserves,evenifthereareenoughreserves,theyareconstantlymining.Ifnoalternativerenewableenergyisfoundinthefuture,thiswillgreatlyhinderthedevelopmentofChina’seconomy.Thethirdiswaterpollution,althoughtheChinesegovernmentAlotoffinancialresourceshavebeenpaidforthis,buttheproblemhasnotbeensolvedyet.Ifitwereme,Imightspendmoremoneyonthis."

Mluvíme o ceně zlata

Pokud cena zlata klesne, nekoupím ho

Asamasterofcommodityfutures,howdoesRogersviewinternationalgoldprices?Trend?

Hementionedthathewillnotbuygoldnow,butwillbuyagainatadifferenttimepoint,thatis,whenthepriceofgoldfallssharply."Becausethegoldinmyhandcanbeusedasahedge,Therefore,itwillnotbuyanymore.Ifthepriceofgoldcontinuestofall,itwillbuywhenitreachesacertainbottomline."

Asforthespecifictimepoint,hesaidthatitisstillunclear.Thecurrentgoldpriceisrelativelylow,butitmayrebound.

PublicinformationshowsthatRogerslikesgoldverymuch.,Hemainlyfancythevaluepreservationeffectofphysicalgold.Whenthereporteraskedhisopiniononthepriceofgold,hetookoutthegoldcoinsfromhispocketandshowedittothereporter.

TalkaboutChengduh3>

Změny jsou nepředstavitelné

"In1984,IcametoChengduforthefirsttime.ComparedwiththecurrentChengdu,itisnotwhatitusedtobe.Rogersrecalledthat30yearsago,Chengdudidnothavedecentrestaurantsandhotels.Nowthisplaceisnolongerwhatitwas30yearsago.Chengduhaschangedalot.Theairporthasbecomebetter,theroadshavebecomebetter,andbuildingshaverisen.Therearealsomanybuildingsunderconstruction."IfyouhavetochooseaplacetosettleinChina,thisplaceisChengdu,butafterhousingpricesfall."

Mluvit o akciích

JimRogersexpressedasurprisingviewinShanghai.Hebelievesthatinthenext20to30years,therenminbimayappreciateby500%(Basedon2005),andsaidthathehasneversoldChinesestocksandwillleavethesestockstohischildren.

IstillhaveconfidenceintheChinesestockmarket,asofJuly8,2015.SellinganyChinesestocks,onthecontrary,startingfromthe8th,heboughtChinesestocksontheShanghaiStockExchange.

HebelievesthattheShanghaistockindexhasfallenbymorethan32%inthepastthreeweeks,andwhenthemarketcanbottomout,Thebullmarketisbasedonovercomingthewalloffear.Ittakeseveryonetobealittlebitafraidtomakethestockmarketrisehigherandhigher.Butifeveryoneisconfidentandbelievesthattherewillbenoproblems,thenthereisarealproblem.Butnowwhenthemarkethitsthebottom,thestockmarketcanriseinamorerationalandgentleway,andthisrisewillbemorelasting.

Povídejte si o tajemstvích čínských investic do akcií

RogersbackthenHebecamefamousforhissuccessfuldipsintheAustrianstockmarket,andlaterbetonSingapore,Brazilandothermulti-nationalmarkets.Itsdistinctiveinvestmentstyleof"bettingonthecountry"becameuniqueonWallStreet.

September2015,RogersInvitedbyTheChinaSpeakerBureautoattendthe"InvestLikeRogers"CentralSummitValueForum.

Hesaidatthe"InvestLikeRogers"CentralSummitValueForumthathehadInthepastfewyears,hepaidcloseattentiontothecorrespondingmeasurestakenbyvariousgovernmentsinthemarket.Basedonhislong-terminvestmentexperience,thegovernmenthadbetternotinterveneinthemarkettoomuch.Asaresultofthestimulusmeasures,themarkethasproducedalotofartificialbubbles,causingfurthermarketinstability.Somyviewisthatthegovernmentshouldnotinterferetoomuchinthemarketandletthemarketdecideitsownfuture."

RogersbelievesthattheChinesestockmarkethasnotyetseenaclearbubble.Therefore,thestocksheboughtinChinacanevenbeheldfordecades.Rogerssaidwithasmile,"MyChinesestocksarenotgoingtoSelling,Iplantoleaveittomytwodaughters,itwillbeagreatfortune."

RogerssaidbluntlythatinChina,investmentshouldfollowthedirectionofthegovernment.Ifthegovernmentiswillingtomakekeyinvestmentsincertainareas,itmeansthatinvestingintheseareascanhelpinvestorsachieveultimatesuccess.RogersspecificallymentionedBytheThirdPlenarySessionofthe18thCentralCommitteeoftheCommunistPartyofChinainNovember2013,afterthat,heobtainedalistofkeygovernmentinvestmentfields,includingagriculture,railways,medicalcare,andfinancialservices.HecitedsomeofhisinthelistTakeinvestmentinthefieldsofmedicineandenvironmentalprotectionasanexample.HebelievesthattheChinesegovernmentneedsmoremedicalsystemsandservices,andiscommittedtoimprovingthecurrentmedicalsituation,soheboughtalargenumberofmedicalstocks.ThepollutionproblemisthattheChinesegovernmentiscurrentlyfacingHesuggestedthatinvestorspayattentiontorelatedcompaniesanddevelopmentsinthisfield.OnJanuary22,2016,TheChinaSpeakerBureau(TheChinaSpeakerBureau))InvitedJimRogerstoattendthe2016ChinaInternetCity"InternationalInnovationSummit"todiscusshowtousenetworkpowertoexplorethedevelopmentpathofsmartcitiesinthecontextofthe"Internet+"era.

Součást čínských postřehů a aktivit

Insightson China

InaninterviewinSingaporein2016,heexpectedChinatoacceleratetheongoingreformsinthefinancialsystem,investmentandconsumptionandotherfields.“Chinaisthepast30years.Inrecentyears,themostsuccessfulcountryintheworld,Chinahastheabilitytoleadtheworldtomeetnewthings.”WhentalkingaboutthecurrentdevelopmentstatusandprospectsofRMBinternationalization,RogerssaidthatChinahasperformedverywellinpromotingtheprocessofRMBinternationalization.IhopethatthepaceofRMBinternationalizationwillnotslowdown.Inhisview,theRMBhasbecomethestrongestcurrencyintheworldsince2005.However,after11yearsofdevelopment,theRMBalsoneedsacertainperiodofadjustmentandstability.Thisisthepastfewyears.Thelawsofoperationoftheworldandvariousmarketsoverthepastcentury.Whentalkingaboutthe"OneBeltOneRoad"initiative,Rogersbelievesthatthisinitiative,likenavigation,exploration,railwayconstruction,telegraph,telephone,etc.,haschangedthegeographicalpatternoftheentireworld.ThisgratifyingchangewillcausedrasticchangesinmanypartsofAsiaandEurope,especiallysomeunderdevelopedcountriesinSoutheastAsia,whichmayriseup."

Pochopení čínské ekonomiky a čínštiny

Inaninterview,RogerssaidthatwhentalkingaboutChina’svariousdevelopments,Chinaistheworld’ssecondlargesteconomyandwilleventuallybecomeThelargesteconomy.WiththecontinuousenhancementofChina’ssoftpower,theinfluenceoftheChineselanguageisalsoincreasingdaybyday.Chinaisthemostimportantcountryinthe21stcentury.Underthe“BeltandRoad”policy,nomatterhowtheworldsituationchanges,China’seconomywillmakeabigdifference.Allrelatedindustries,especiallyculturaleducation,willbenefitfromthedevelopmentofChinaDevelopmentplaysavitalrole.RogershasinvestedinaseriesofculturalandeducationalprojectsincludingtheYouthBilingualSpeechContest.Hebelievesthatthebilingualspeechcontesthasbuiltagoodcommunicationplatformforyoungpeople,whichwillbeusefulforcultivatingthelanguagediplomacyabilityoftheyouthoftheworldinthefutureandpromotingChinaCommunicationandcontactwiththeworldplayanimportantrole.Throughinvestment,helpingyoungpeopleunderstanddifferentlanguages,theworldandpeers,andcommunicatingwitheachotherisveryimportantfortheworldandindividuals.

Největší investice v Číně Šest průmyslových odvětví

Atthe2015China(Fujian)InternetFinanceConferenceandXinhuaNetThinker,Rogersgaveakeynotespeechentitled"OntheRoadofChina’sFinancialMarket".HebelievesthattherearesixindustrieswiththemostThereisinvestmentvalue:

"Firstofall,agriculture.Inthepast35years,Chinesecitieshaveperformedverywell,buttheruralpopulationhasnotenjoyedmoredevelopmentresults.SoIthinktherearegreatopportunitiesinagricultureinthefuture,andmyinvestmentinagricultureisalsocontinuing.Thesecondisthetourismindustry.Inthepast,Chinesepeoplerarelytraveledabroad.NowitiseasierforChinesepeopletoobtainvisasandpassports.Therefore,tourismisanindustrywithgreatpotentialfordevelopmentinChina.Thethirdistheenvironmentalprotectionindustry.AveryimportantreasonwhywechosetoliveinSingaporewasbecauseoftheseriouspollutioninChina.ButIhaveseenthattheChinesegovernmentisverydeterminedincombatingpollution.Thefourthisthefinancialindustry.China’sfinancialmarketisstillrelativelyclosed.ShanghaiusedtobethemostimportantinternationalfinancialcenteroutsideofLondonandNewYork.Ifthefinancialmarketisfullyopenedup,ShanghaiwillevenhaveachancetoleaveLondonbehind.Becomeoneofthemostimportantfinancialmarkets.Finally,thepharmaceuticalindustryandrailways.TheChinesegovernmentwillinvestalotofenergyandworkinthesetwofieldstodevelopthesetwoindustries".

Související články
HORNÍ