Rogers' tips for the 21st century

If the 19th century belonged to the UK and 20th to the US, then the 21st century would be one for China. That's what famed investor Jim Rogers has had to tell investors.

Why China?

It is because, he says, China will keep opening up. What's more, its debt levels are far lower than that of the US.

Upbeat about China as always, Rogers shared his strategy with fans: opportunities are to be found in sectors that are in a crisis.

So he would pick, reportedly, China's aviation, tourism, catering and agriculture.

Whoop! Was he also trying to say these sectors are currently in a state of crisis? Fingers crossed.

Nonetheless, this ex-co-founder of the Quantum Fund and Soros Fund Management was frank about the prospect of a global recession later this or next year.

The recession could be severe and at a level never seen before because, Rogers explained, global debt levels are much higher than those prior to the 2008 financial tsunamis. Rogers thinks US interest rates would peak at a very high level.