New Money: The Greatest Wealth Creation Event in History (2019) – Full Documentary


(dramatic music) – What if I told you
there’s a magical but completely
misunderstood place, where seemingly
all the smart money in the world is
beginning to flow. – You walk down the street,
you go to a different city, and you say, my God,
last time I was here, five years ago, none
of this was here. – It’s a place where people
are getting wealthier like never before. Where more millionaires and
billionaires are being created than anywhere else on earth. – That transformation is
probably the most rapid and significant, I think
in humankind, ever. – It will probably
come as no surprise, that the world’s richest and
most successful individuals have already discovered
this miraculous place. People like Warren Buffet,
Charlie Munger, Bill Gates, George Soros, Elon Musk, Jeff
Bezos, Jim Rogers and more. And the money being
made here is incredible. I’ll share how one
man, for example, even found a clever way to turn $200 into a
$1 million payday. – In my personal opinion, I think this is once in a
million years opportunity. – But here’s the irony, in
this land of vast new riches, money no longer exists
in the traditional sense. There’s never a line at the
few remaining ATM machines, no one carries a wallet and
fewer still write checks or carry dollar bills,
credit cards or coins. Instead, there’s
a radical new type of currency exchange used
to pay for everything. – I don’t need to
carry a wallet at all. I mean literally,
no cash at all. – So you don’t carry any cash? – No, no, I can
live like every day. – No credit cards?
– No, no. – You’re about to see
this place in person. I’m going to take you there. And as you’ll see, in many
ways it’s more advanced than anything you’re
probably familiar with. You’ll see stores
without employees, buses that drive themselves, facial recognition
security and a string of other new
breakthroughs and trends that are light years
ahead of where you live. – This technology
and product hunger is really unparalleled. It’s not seen
anytime, anywhere else in the world and in history. – But what really sets this
place apart is the money. Both the money pouring in
and the money being made. – There is the greatest
wealth creation event in the history of
the world, frankly, happening right here, right now. – Now to truly understand
and take advantage of what’s happening here, you really have to see
this place for yourself. So I’m about to give
you that opportunity as I take you there in person, to show you the most
misunderstood place in the world and the greatest money-making
opportunity of our lifetimes. (dramatic music) Hi, my name is Steve Sjuggerud, I’m a former hedge fund manager but I’m excited today
to play tour guide and take you on this
incredible adventure. Right now, I’m at
the Newark Airport, I left my island home in
Florida early this morning and now I’m about
to hop on a plane and take you to this place
where so much money is flowing, so much wealth is being created and where you really can get
a glimpse into the future. But before we go forward,
you need to first step back. (dramatic music) This is a journey that I
started more than 20 years ago and have continued many
times in recent years. Every time I come here,
I’m even more amazed. What I’ve realized is there’s
never been a bigger distortion between perception and reality
than I see in this place, right here, right now. What people think about this
place is nothing even close to what it really is,
or what it’s becoming. So what is this place that
I’ve been talking about? (tense music) Well as you can probably tell
from what you see behind me. We are in China. I’m standing on the
Great Wall of China in a place called Mutianyu, roughly 50 miles
north of Beijing. This section of the
wall was built beginning more than 600 years
ago, back in the 1300s. Isn’t this place incredible? On a clear day, you can
see for over 20 miles. But here’s the incredible thing. China is not only
radically different from the place it
was 600 years ago. It is also completely
different from the place it was just a generation ago, even from a political
point of view. – They call
themselves communists, but they are probably
the best capitalists in the world in 2018/2019. California is more
communist than China is, Massachusetts is more
communist than China. – And this incredible adaptation of capitalism has
transformed the country in just a single generation. People who are my age,
in their 40s and 50s, grew up in a very
different time. In Beijing, I met with a
successful hedge fund manager and the stories he told
me were incredible. – When I was a kid,
when I read book, we do not have
electricity, at the night, I need to use candle. – I heard the same
story again and again as I met with some of China’s
most successful people. – When I grew up, which
was, I was born in ’75, and lived in China
til the age of 10, in Guangdong Province
which is fairly poor. The fact that everyone
was poor in China. And we still had to
have rations, you know, like coupons for meat, for eggs, for material to
make clothing with and you’re lucky if you had
one new outfit per year. – Coupons.
– Yes, exactly. (bright music) – Fast forward 40 years
and here is a glimpse of China today, after years
of lightening fast growth. (upbeat music) Investing legend Jim Rogers
has been here all along and watched that explosive
growth happen firsthand. – First came here in
1984, I was terrified, because I’d been listening
to American propaganda, the Chinese were evil, vicious, dangerous, blood-thirsty people. Didn’t take me long of
traveling around China to find out they’re disciplined, educated, ambitious,
hard working. – Jim Rogers probably
knows China more deeply than any other American today. When he came here
in the early ’80s, he traveled the entire
country by motorcycle, not once but twice. He’ll never forget what he saw. – I mean, it was amazing, everybody was up early,
working and they didn’t stop. They worked all
day and all night, they were saving, they
were recycling everything. They weren’t doing it to to
be, to save the environment. They were doing it to
make money in those days. And I could just see,
it was everywhere, I could see the
sense of education, I could see the ambition, I could see the sense that our children should
have a better life. I mean, it was just everywhere. (gentle music) – Peter Churchouse
is another person who has seen China
like few others. He’s a successful businessman
who arrived in Hong Kong in 1980 and soon went on to run Morgan Stanley’s
Asia division. He was there long before the
explosive growth of China and he’s seen it all
happen firsthand. – I came to Hong Kong in 1980, so I’ve been here
nearly 39 years now. I came to help build a new town in the new territories
in Hong Kong. And at that time,
Shenzhen, which is the city just north of Hong Kong,
that city was not a city, it was a village of
about 300,000 people. And you walked around that
village, there were people, blacksmiths beating charcoal
implements in the street. There were no buses,
no taxis, no cars. (upbeat techno music) Now it’s city of
11 million people, it’s the center of the biggest
manufacturing conglomeration in the planet. That area now had a GDP
roughly the size of Russia. – Wow. – Slightly smaller than Spain. And there was nothing, it
had nothing 38 years ago. So that’s kind of–
– It’s home to potentially the highest tech
company in the world. – Oh, yes, I mean, so many
of the China and European and American tech companies
have their operations based in that area. 66 million people in
that area right now. It has the biggest manufacturing
center in the world. It has 400 million
air passengers flying
through that place. – So why does so few
Americans know the truth about what’s happening
in China today. – Most Americans really
know what they know about China through
the lens of the media. – China is really going in
extremely dangerous directions. – This is a country that is
ripping off the United States. – The biggest threat,
obviously, is China. – So you end up having sort
of a warped view on China, that tends to have
more negative. Not structural,
it’s not malicious and so I think a lot of
Americans can be excused for having certain
preconceptions about
what China’s like. – What I tell Americans
about the negative press, is I think the media
does a disservice. There’s a lot of, you know,
misperceptions around China. But what’s really
happening in China is this is their moment. They are now a global power. They’re the second largest
economy in the world, will be the largest. – The first time I came to
China, it was in the early 1990s and I was in Shanghai and I went to the old Shanghai
Stock Exchange which, I went in and they said,
“No pictures, no pictures.” At first I thought it
was for security reasons, they didn’t want any
pictures in the stock market. But instead I realized,
they didn’t want people to see how dingy the
Shanghai Stock Exchange was. And a couple blocks
away, on the Bund I went to a meeting with a company
called Shanghai Lujiazui Finance and Trade Zone
Development Company. They said, “This is what
Pudong is going to look like “in a very short
period of time.” There was nothing there. So how you could go from
essentially nothing in Pudong to Manhattan in 10 years,
I said, there’s no way. This is impossible,
this would never happen. (upbeat music) And I’ve never been more
wrong about anything in the investment
world in my life. The changes that I saw
from the early ’90s, over the next 10 years
were extraordinary and the pace of change
has never stopped. – One of the reasons why things
happen so much faster here than what we’re
used to at home is because China is
still in the midst of what some economists describe as they’re economic
take-off phase. This is the process
in which the majority of the working population
moves from agricultural jobs to tech and industry and moves from the countryside
to the cities. Branden Ahern is a 20-year
Wall Street veteran who left the largest
global asset manager to help start a business
that makes it easier for Americans to
invest in China. Branden meets regularly
with government regulators, banks, insurance
companies and businesses. I don’t know anyone who
has a deeper understanding of China’s financial
system than Branden. I met with him in Beijing. – China has urbanized in a
very, very big way in 1980 only 20% of the population
lived in cities. Today it’s over 50% and
it’ll get up to 75%. And that’s raised hundreds
of millions of people out of poverty as they
move into these cities, get access to proper housing,
electricity, sanitation, air conditioning
but also services like education and healthcare. – So you’re going from
24% living in cities to 56, 58% living in cities. That’s gonna go to 75%
in the next 10 years. So we’re gonna see another
130, 150 million people move to the cities in China over
the next 10 or 12 years. They need to be housed. Who’s gonna do it. They’re gonna want to
own their own housing. So that’s a big growth sector. – And get this, the big
movement towards cities and manufacturing that has
taken place over 22 years in China, took roughly
120 years in Britain and 80 years in America. Here, it’s basically all
happened in just one generation. I know it’s probably no
surprise to you to learn that China has advanced rapidly
over the last few decades and millions of people
have moved out of poverty into the middle class and
even into millionaire status. But here’s the thing. What Americans don’t
realize is this. China is no longer
simply a nation that produces cheap
t-shirts and knockoffs. Wong Hau is the
head of Sigma China. Sigma is the word’s
largest independent camera lens manufacturer
headquartered in Japan. – In the past, made in China,
this label means a low value, low value added services,
low quality products and some people just think
China is a assembly factory. Because we did not have
any key technologies. So the only weapon we could use is the large population,
the low labor costs. But now things are
quite different now. So we are moving
forward, with the backup of government I will say,
sometimes, moving forward, to the upstream of
the value chain. – My view about China
was 15 years out of date. I expected to come to
China and see bicycles, to see people just
crowded in the subways. And I saw that, I mean, there are many, many
different Chinas. But I also saw a lot of
wealth, I saw a lot passion, a lot of energy and just
a much more modern society than I ever expected. China eventually became my life. – James Early is another
American who was quick to recognize the
opportunity in China today. He’s the former director
of research at one of the world’s largest
independent financial
research firms. – People are missing everything
that’s going on here, how fast things are moving. – In many ways, the country
has become more sophisticated and advanced than anything
we’re used to in America. Which is why China is
creating more millionaires than anywhere else on earth. And why so much
money is flooding in. Let me show you one
example of what I mean. One of the first things you
notice when you move about in China is that almost no
one, including street vendors and even homeless
beggars use cash anymore. Regular money, as
most of us know it, has simply disappeared. – I almost forgot
how fast growing of the mobile internet
and online payment, roughly like two or three
years ago I have to, you know, carry a big wallet
with a lot of changes. So you have to pay cash or
credit cards whenever you go. You have to withdraw
cash, you know, when you have no cash available, you have to find
the ATM machines. But right now, for here, in
Beijing, not just in Beijing, even my hometown, I don’t
need to carry a wallet at all. I mean, literally
no cash at all. – So you don’t carry any cash. – No, no.
– Every day. – I can live, like
every day, full. – No credit cards. – No, no, no credit
card, no cash, even for a full year it’s, I
don’t need any cash at all. The only thing concerns
me is the battery of my mobile phone. – That’s great.
– Yes. – So if your battery dies
you don’t have any money. – Oh yes, yes, that’s right. – Bob van Dijk is
the CEO of Naspers, one of the biggest technology
investors in the world. Today, Naspers owns
a huge share of one of China’s biggest tech firms and they’ve helped
build tech companies in more than 120 countries. I met with Bob at his
office in Amsterdam. – Where typically now
you check into a hotel, you put your credit card down and you go through
registration, like in China, you show up with your
phone, they scan a QR code, or code that’s on your phone and they will have your
complete reservation there, they’ll have your
credit card details and your check-in
procedures done. And interestingly,
it goes as far, like if you travel in
parts of China now, in Beijing for example, you
want to pay with a credit card, they don’t accept
your credit card. They insist on being
paid by mobile phone. The other day I was in Beijing and I was trying to
buy an ice cream, she was a 19-year-old
lovely young woman, and she couldn’t sell me an
ice cream ’cause I had money. I had renminbi, she
couldn’t take money. You have to do it on your phone. Everything is on, I wish
I were buying a Mercedes, ’cause she gave me the
ice cream in the end. – Oh really. – She felt so sorry for
this poor foreigner, who couldn’t, all
he had was money. Now, there are many things in
China are ahead of the U.S., again, I don’t like saying
it, Steve, I’m an American, my kids are American,
my wife is American, but I have to face reality
and Tencent, Alibaba, I mean, you know the
names as well as I do. These are not from the guys
in the backyard somewhere, these are major
gigantic powerhouses,
built on technology. Liu Xin is business TV
anchor for CGTN in China and a former China
correspondent for CNBC. No, I don’t see any money
changing hands here, I just see these signs. – Exactly, so convenient. – So literally, is there any
money changing hands at all? – Very little, I think. You’d have to be living under
a rock to not have WeChat, not have Alipay because
the blue is for Alipay and the green is for WeChat
and there’s a constant battle to see who has more market share in the online or offline space. Online, because of
Taobao, Alipay definitely but offline because everyone
uses WeChat as social messaging and just about everything else
WeChat pay has an advantage. – WeChat, Alipay, Taoboa, what are these names
that Liu’s talking about? WeChat is the most powerful
social media platform in China with over
a billion users. It’s like Facebook
but on steroids. You can use it not
only for communication with friends and family
but for business dealings, for setting up doctors
appointments or
dinner reservations, for paying bills, even
for paying your taxes. Taobao is the largest
e-commerce website in the world. Bigger than Amazon. And Alipay is another
mobile payment app, which with WeChat Pay are the
two most popular apps in China for paying for everything
with your mobile phone. It’s amazing, every
time I come to China, I see fewer coins and bills. So I asked Liu Xin about
the virtual disappearance of all types of physical money. So how long has this been? Because I was here
just a few years ago– – And people still
had coins and notes. – Yeah, as little as five
years ago, this didn’t exist. – Well–
– I mean, it was– – Five years is a
long time in China. – Right and today, I mean,
do you use cash for anything? – Very, very little, yeah. – Do you carry cash. – No, no, I mean, you know,
I’ve got my Pravda, you see, I’ve got my sunglasses
and I’ve got my phone. And this is why even pickpockets
are becoming unemployed in China because they
can’t steal phones, ’cause everyone’s holding them. They can’t steal money
anymore, nobody carries money. – Right. And that is what is leading
this new cashless society. You can see it in
action everywhere and many times it’s paired with other really
interesting new technologies. (upbeat music) All right, it’s
lunchtime in Beijing so I want to take you to one of the most unique
places you’ve ever seen. So here’s what’s unique
about this place, there are no servers
at the tables. All of your food travels
down all of these tracks, goes right in front of you
at the individual table. Let’s get started and
order us a burger. This is the way it
goes, we’ll find, the American burger there,
check out, continue to payment. Select WeChat, hold up
the QR code right here. Now we just wait for our burger. There’s my burger. – So I would say a great
example of technology that we think is coming to fruition everywhere
is using mobile phone to sell used goods. Think in America, Craigslist
is something everybody knows and I think it’s
worked well in the past but it’s something
that requires a bit of work to sell your item. Now we’ve come with
a business like LetGo which we’re a big investor in, to the point where you
basically just need to point your mobile phone
camera at stuff you don’t want to own anymore and just by
pushing a single button, the phone will take a picture, it will recognize what
it is you want to sell, suggest a price for
what you want to sell and it will immediately
post it on the web which gives people
a huge audience with absolutely zero effort
to sell their used goods. – This trend, of course,
is proliferating worldwide. But nowhere is it more
prevalent than in China. Jonathan Crane is an
American entrepreneur who got his start bringing the world’s most
popular music acts, like the Rolling
Stones, Whitney Houston and Beyonce to China
roughly 20 years ago. He explains the
incredible transformation he saw take place
in just a few years. – Doing business in China,
what you immediately see is that things move very
quickly over there. People are very
fast at innovation and also adoption is
much faster in China than anywhere else in the world. An example is, we had
a ticketing company and when we started that
ticketing company, we were, it was probably 2004 and it
was a cash society still. We then saw 2005, 2006,
people were starting to use debit cards, okay. So instead of having to
have lot of cash around, you use the debit card
which was convenient. And then within two
years from there, we started doing
mobile ticketing. So really within
four or five years, we went from cash delivery
to mobile ticketing. And the adoption was incredible that was happening across China. – This trend will soon
reshape America too. This is all just a preview
of how it will play out. Brian Takango has been traveling
across Asia to research and invest in local
businesses since 1999. He’s got a remarkable
track record of finding future
blue chip companies when they are just
still small firms. I met with Brian
recently in Hong Kong. – Companies like
Alibaba, like JD.com. Companies like
BingoBox, for example, that now have 300 cashless
convenience stores in China and you just go in,
there’s no cashier there, you just walk in and
you scan your app and you get your stuff,
you scan it in this table and then you just walk
out with your goods. And it’s all being done through
artificial intelligence, it’s all being done
through the internet and these wireless
payment methods. – I went to one of
these employee-less
stores in Shanghai. – All right, Steve, we’re
coming out of the subway here in suburban Shanghai, this
is a middle-class area, this is not fancy, this
is not cutting edge, this is just average China. But you can do a lot of things, including visit an unmanned
store just with your face. (speaking in foreign language) (upbeat music) So inside it’s got really
the same stuff you’d find in a 7-11, we’re the
only people in here, you don’t need any
person to run this store. And yet it’s also safer, Steve, than you’d expect
because everything in this store is
connected to my face, which is connected
to my WeChat account, which is connected to
my Chinese bank account. So whatever damage I do here, all comes back to me
at the end of the day. Here you go sir. I’m just gonna push this
button and we scoot right in. All we do, we set this guy down. I’m gonna show my face, not proud of that
picture but it’ll work. I’m gonna scan this QR
code with my WeChat app. And simple as that. – No employees. – No employees, took just a few, probably faster checkout
than if we had employees. Here’s your Coke by the way. – Thank you. – So that’s the future,
right here in China. – So one of the
things I think is really transforming
people’s lives is how people use WeChat in China. For example when people
decide to meet some friends for dinner, they typically
would invite them via WeChat ’cause they’re
obviously in their contacts. Then they would send, the
reservation would happen through WeChat because
the restaurant they want to go to is a contact as well and they have their booking
system integrated in WeChat. So then they show
up at the restaurant at the same time the ordering, actually the menu of the
restaurant will be embedded in WeChat and they online order. So there will be no
way to take an orders but everybody orders
on their mobile phone. In the end the check also
gets sent to the mobile phone and people actually can choose to pay with their
integrated tempe options. So the waiter only
brings the food and everything else
automatically gets done through the WeChat app. – These technologies
have even changed the way people buy cars. Get this, you can now reserve
a test car on your phone, then pick it up, at
what is essentially a giant vending machine for
new cars by BMW, Ford and Volvo and then drive it around
all you want, test it for the next three
days for less than $50. (upbeat music) The thing you need to
understand is that it’s not just about making payments
on your phone or getting rid of physical cash. This development creates
hundreds and hundreds of new business ideas. This is the future
for us in America but it’s all unfolding right
now in realtime here in China. Kevin Lui studied at
Cornell University. Today he’s an equity
strategist at CICC, the largest investment
bank in China. Kevin is part of what
is widely considered to be the best equity
research team in the country. And we met up in Beijing. – Back to 2006 is roughly just over something
like 1% in China– – That’s unbelievable. – With regard to
mobile penetration. – In 2006, 1% of Chinese
people had mobile internet. Today it’s at least 50%. – At least, yes, at least.
– At least, yes. – My life is kind of, very
closely tied with my phone. (dramatic music) – Today the amount of
money the Chinese spend on e-commerce is 42%
of the world’s total. That means the value of China’s
e-commerce transactions is now larger than the value of
the e-commerce transactions from France, Germany, the
UK and the U.S. combined. This is why the money
is flowing to China and why more millionaires
are being created here than anywhere else in the world. Everyone, everywhere
uses their mobile phone to pay for everything. Food, train tickets, plane
tickets, tolls, clothing, fast food, everything
with their mobile phone. In fact, on our
most recent trip, we tried to spend a few hundred
dollars buying souvenirs at a Shanghai bookstore but they no longer
accepted credit cards. – What we often look at is, what is the size of the
potential user group we have. And for example the
number of internet users in China is rapidly
approaching a billion. And those are numbers that even for a huge market like the U.S., they dwarf the very
impressive numbers of the U.S. and I think that in time as these populations become
connected, wealthier, presents a fantastic
investment opportunity. – Things have changed
so fast in China over the last 30
years from nothing, from a very backwards country, now people are living
lives that a lot of people, even in the U.S.,
couldn’t even imagine. – Okay, so from a
cashless society, to unmanned stores and
waiterless restaurants, to mobile commerce
beyond our imagination, clearly this is not how most
Americans perceive China. And these are not stories
you typically see reported in the mainstream press. However this is the
reality in China today. But hold on, you might
be saying to yourself, I thought this was
a communist country. This doesn’t sound
like communism to me. Well as Jim Rogers said earlier, California and
Massachusetts are probably more communist than China. And the truth is, while the Chinese call
themselves communists, they are actually among the
best capitalists on earth and this is part of what’s
caused such a radical distortion between between perception
and reality in China today. – China isn’t a communist
country anymore. It’s not a Marxist
communist regime like it was under Moa Tse-tung. It has advanced much more into what you might call a
form of autocratic capitalism. It’s still a dictatorship,
it’s still an autocracy, it’s not a true democracy by
any means, but think about it, most of the economy is now run
by private sector interests, by private companies who
are doing their own thing, investing, doing
what they want to do. Families can pretty much live
where they choose these days, they can get educated
the way they want, they can own their own home, they can invest
in stock markets, invest in all sorts of products. Still a lot of restrictions, nowhere near as free as
it is in the West perhaps, but it’s certainly not a
communist country in the way that Marxism says that all
resources be owned by the state. That is not the case
in China anymore. (upbeat music) – I mean, this is a country
where, since 1978, 1980, when Deng Xiaoping started
the Open Door Policy, a country where GDP
growth has skyrocketed. Where life expectancy
has skyrocketed. Where quality of
life skyrocketed. Everything has gone up, up, up. This an economic miracle. You know, those are
measurable facts, in a communist country,
brought about by capitalism. – It’s almost ridiculous to
call China a communism country because the government
is the biggest capitalist in the world. – I never look at China
as a communist nation. I don’t even ever use the word. You know, China is very
capitalistic, okay. There’s a middle class
forming there, you have hope, I go back to the word hope
that you can be, you know, you can be low income
and become a billionaire. – The truth is the government in China works very differently
than most Americans think. In short, they are doing
everything they can to foster innovation, entrepreneurship,
and personal wealth. Here’s a great example of how the Chinese
government has worked with private businesses
to develop something that is light years ahead
of what we have in America. We’re getting on the
high-speed train to Shanghai. (upbeat music) So here we are
experiencing another of the wonders of Chinese
technology and innovation. We’re traveling on
the bullet train going 350 kilometers
an hour right now. That’s 250 miles an hour
and one of the common things I hear from Americans
is, oh well, China makes inferior goods,
their technology’s inferior but meanwhile everyone’s using
their Chinese made iPhone. And I think it’s fair
to have American pride, which I do myself, but
I think we also need to be honest about the reality. I mean, here we are, again
traveling 250 miles an hour, using our Chinese technology and this is reality
in China today. China’s high-speed
train system is a government private
sector collaboration that was built in
about 1/3 the time it could have been
built in America, Europe or anywhere else in the world. Jerry Liu spent
more than a decade at Morgan Stanley and
Templeton Asset Management. Today he’s the founding
partner of Everpine Capital, a private equity firm
that helps companies with cutting edge
technologies take advantage of the Chinese markets. We met with Jerry in Shanghai. – Once again, if you look at
the high-speed rail network in China, I mean,
even, you roll back by 15 years it
literally did not exist. They built everything
from scratch, from scratch into
the longest, fastest, most extensive logistics
infrastructure in
the whole world. – I think the high-speed rail
network is really changed that country in allowing
people to move, you know, in and out of cities
quickly but also be able to have access to
major cities to work but be allowed to live in
second and third tier cities for more affordable housing. – If you go to the Hongqiao
Station, in Shanghai, at 6:30 in the morning, you
will have difficulty getting in. It’s so packed in and out. We’re talking about tens
of thousands of people, traveling into that station,
dismissing themselves to everywhere else
in the country, starting their business
on Monday morning. This is how charged
China is today. You don’t see that in
Grand Central Station, you don’t see that
anywhere else in the world. This is how driven China is. – And it’s like, the interstate
highway back in the ’50s. I mean, can you imagine America without the interstate
highway system. Can you imagine
the inland states, what would they be right now. That’s what’s happening
in China right now with the roll out of
the infrastructure from zero expressways
30 years ago, they now have 116,000
kilometers of expressways. 260,000 kilometers of highways, from 99 airports they now
have almost 300 airports and they’re building
dozens more. – And when you come
to China and see, you fly into these
brand new airports, you ride these bullet trains
going 250 miles an hour, you pay for things
just using your phone, you don’t carry cash
or even credit cards, you know, you
really do understand what’s happening
here is different and it’s potentially
only in its infancy and is only gonna
get even bigger. – What I think you
have to understand is that the leaders
here are not trying to establish a communist
system where everyone is equal, this is not at all like
Russia or North Korea. Instead, they are trying to design the most
effective capitalist and entrepreneurial
system in the world. And they’ve proven pretty
darn good at it so far. There’s no better example of
the radical transformation that has taken place here,
with the government’s help, than the amazing place
I showed you earlier, the city of Shenzhen. As we told you, in 1979, only
300,000 people lived here. But Shenzhen became China’s
first special economic zone. It’s gone from a
backwater village to the most important
tech manufacturing center on the planet with a population that’s about the same size as
America’s two biggest cities, L.A. and New York put together. – It’s home to 1,500 research
scientific institutions. It’s not just making
t-shirts and training shoes, it’s some of the highest
tech companies in the world. Shenzhen is one of the big
reasons why in mid 2018, for the first time ever, Chinese companies attracted
more venture capital than American companies. And although the mainstream
press almost never tells this story, the money is
clearly flowing to China. When you take a quick
look at what’s happening in Shenzhen, it’s
easy to see why. Today, just this
one Chinese city, which most Americans
have never even heard of and basically didn’t even
exist 40 years ago is home to the world’s third
biggest internet company, it’s bigger than
Facebook or Netflix, the world’s biggest
maker of drones, DJI, the world’s biggest maker
of plug-in electric cars, not it’s not Tesla, it’s BYD and the world’s biggest
telecom equipment company, it’s Huawei which is
three times bigger than Sweden’s Ericsson. Many, including The Wall
Street Journal have referred to Shenzhen as Silicon
Valley of the East. But in many ways, it’s
actually much more advanced and more sophisticated. Shenzhen has the world’s
largest metro line and the world’s first
all electric bus fleet. Incredibly, it’s 16,000
buses are all electric and make no noise or pollution. This single city has
built more skyscrapers in a single year than
the entire United States during that same time. And this is the critical point. Today in Shenzhen,
it’s not a place where businesses simply
copy ideas and products, it’s a new reality where
China is quickly becoming one of the most innovative
economies on the planet. Kaiser Kuo knows both
America and China intimately. He’s a former director at Baidu China’s largest
internet search engine. He’s also former member
of the Tang Dynasty, China’s first heavy
metal rock band which formed 30 years ago. Today Kaiser lives in America, where he helps run a
China focused media firm. I met up with Kaiser in Beijing. – Yeah, it was a joke
even among people who worked in the industry. We said C to C which
of course in America, in English means, you
know, consumer to consumer. C to C to means copy to China. There certainly were
a lot of companies that were simple clones
of American counterparts. What’s really
interesting though, is how quickly that
whole merit has shifted. – Shenzhen, the city
that had blacksmiths beating charcoal
implements in the streets less that 40 years ago
is now the electronics and hardware capital
of the world. It’s the most sophisticated
and advanced place on earth when it comes to building
new electronics and hardware. While Silicon Valley
has chosen to focus on software, Shenzhen
has a major advantage in all of the world’s
actually equipment. That’s why Apple has set up
its latest R&D center here. IBM is here. So is Oracle, Cisco and
Videa, Emerson Electronics, Amazon, Samsung, Microsoft,
Intel, Qualcomm, Tesla, DuPont, Whirlpool,
Mattel, Phillips Lighting, Radio Shack, Texas
Instruments, 3M, Broadcom, BLACK + DECKER, Toshiba, GoPro and dozens more of the
world’s top technology firms. They’ve chosen to open
up shop in Shenzhen. Airbus, the word’s
largest plane maker, just chose Shenzhen for
an innovation center. – General Motors
makes more in China than it makes in America. Apple makes more in China
than it makes in America. Many major American
companies, they know. – Right. – General Motors knows that
China’s is gigantic market for high-quality products. – The reason these
companies are here is because they have access to the world’s most
advanced supply chain for manufacturing
and distribution. You can get everything
from raw materials to computer components
right here in Shenzhen. – It has become
really the epicenter for all global
high-tech manufacturing. It is where the
supply chains sit. I’m not in Palo Alto,
calling across time zones, using online translation, trying to talk through
these things, that you know, where the back and
forth is taking weeks. – Right. – It’s an immediacy that
is of tremendous advantage. And when the United States
stopped manufacturing things, I think it surrendered a lot
of its advantage in that way. – Edith Yeung is
a general partner of venture capital firm
called 500 Startups. When asked how to explain
Shenzhen to Americans, she says, “I would tell them it’s a
Silicon Valley for hardware.” She says, “Americans have no
idea what’s going on in China. “There are so many areas “where China already
exceeds the U.S.” Right now and for the
foreseeable future, many of the world’s biggest and most important
breakthroughs are going to be coming out of this city that most American’s have
still never heard of. One of the most successful of Shenzhen’s recent start-ups
is a company called DJI, which makes affordable
commercial drones. The company has a
1,500 person research and development team. Today they have 70% of
the global drone market. They’ll be going public soon but Americans have
never heard of them. All they know is GoPro. But DJI’s drones
are far superior to GoPro’s in almost every way. The tech site
Gizmodo for example, recently compared the
two and concluded, it’s practically a
landslide in DJI’s favor. When you look at
the amazing list of new technology
companies in Shenzhen, it’s simply astonishing. There’s a company called Beijing Genomics
Institute, for example. The scientific journal, Nature, called it a DNA superpower
after the company bought so many genomic
sequencing machines that it quickly owned more
than half of the world’s total. China used to be known for
being the best supplier of cheap pharmaceutical
ingredients and knockoff pills but today China has the
second largest number of clinical trials involving
biologic treatments after the United States. This is why Merck
and Johnson & Johnson have innovation centers in China and why companies like Eli Lilly and many others are selling Chinese discovered
drugs overseas. But again, almost no one
in America knows this. It’s a story that’s
hardly ever reported in the mainstream press. Then there’s the
biggest electronic
automaker in the world. It’s not Tesla but a
Chinese company based in Shenzhen called BYD. This company has the
biggest battery factory in the world and
it already sells more electric cars
every year than Tesla. BYD also has something
Tesla doesn’t, the backing of the
world’s best investor. Charlie Munger and Warren Buffet of Berkshire Hathaway
own nearly 10% of BYD. Charlie Munger is one of the
word’s leading proponents of investing in China. He said in a recent interview, American investors are
missing out on China. It just looks too
hard, sitting in Omaha, but it’s where they
should be looking. And keep in mind,
all these companies and all these innovations are
all located in just one city. This is why The Atlantic
magazine recently wrote, it’s now becoming clear
that in many respects, China has distinct advantages
over Silicon Valley as it hopes to become the
next nexus for innovation. – Well, I think the current
perception in America of China right now is one
of very archaic perception, that China is this
massive sweatshop that’s just constantly throwing
cheap goods into America. But the reality is China is one of the most dynamic
economies in the world. – Okay, but what about all
these impressive numbers. One of the objections to
China I hear constantly is that China’s economic
numbers are manipulated. So I put the question to one of the most knowledgeable
people on the subject. – I don’t trust any
government numbers, America, Germany, anybody. We’ve all been caught
lying about our numbers and I’m sure that
the Chinese numbers, or some of them,
are made up too. But it doesn’t matter
’cause I’ve been coming here for 34 years, you
walk down the street, you go to a different
city and you say, my God, last time I was
here five years ago, none of this was here. And it all happened, and it
happens very quickly in China, partly because it’s
a one party state, therefore they get it done. In America it takes you years
just to build a new church or a new hospital or
a new school even. – Jim, as you heard earlier,
is the only man in the world who’s crossed China on
land three different times. Twice by motorcycle
and once by car. And he also has what is probably the best investing
track record of all time for the work that he
did during the ’70s. His Quantum Fund
delivered a 4,200% return to his investors during a
time when stocks did nothing. – That does not mean there
won’t be problems in China. America became the greatest
country of the 20th century, along the way we had 15
depressions, with a d, we had a horrible civil war, we had massacres in the streets, we had very little rule of
law, you could buy and sell, you could still buy
and sell congressman, but in the 19th century
they were cheap, you could buy four of five
for the price of one now. America has many
problems along the way. But we became an
astonishing success, the most successful country
in the 20th century. – For me, as we look at China and this potential opportunity, I think it’s crucial
for us to consider what we can see
with our own eyes. Has China grown like crazy? And is there more wealth
being created right here, right now than any
place on earth? The answers to both of those questions are
unequivocally, yes. Remember, here’s what
Shanghai looked like in 1987. And here we are cruising
around on a private yacht in the same spot today. Here’s what Shenzhen
looked like 30 years ago, and here’s what Shenzhen
looks like today. – This is really the greatest
wealth creation event in the history of
the world in my view. If you look at the scale we see, this is 1.4 maybe even
1.5 billion people because of under
counting who are going from literally third-world
conditions in 1978 when Deng Xiaoping began
the Open Door Policy to now you’ve got this mix
of the third world still, if you go to rural China,
definitely in the third world, second world and
increasingly first world, more and more and more. And that’s why
everybody’s trying to come to the Chinese cities,
that’s why we’re in one of the fanciest hotels
I’ve ever stayed at, that’s why, you know, you
look at when you see Bentleys in the parking lot here,
Ferraris, Porsches, that’s real wealth and
it’s growing day by day. – Sure, the government
has a heavy hand in directing this economy, but one amazing
thing is very clear. The Chinese government can get enormous initiatives completed
in a fraction of the time it would take to accomplish
these anywhere else. I showed you the most
amazing bullet train system in the world already. But that’s just the beginning. Right now the Chinese
government is forcing the big telecom companies
to spend $180 billion over seven years to
build the infrastructure for the world’s largest
5G mobile network. Meanwhile in America,
50 different states are all trying to plot
their own course. Do you really want
to bet against China with this type of
infrastructure initiative? I sure don’t. – Most of the rural areas,
they’ve skipped the landlines. Now they, and my suspicion is that they’re gonna
make the next leap into the 5G faster than
anywhere else in the world. – Another example, in Beijing, I met with the man who designed
Beijing’s tallest building and helped design an area
called Beijing Fun Town. This is an ultramodern
environmentally friendly area where nearly all of the
businesses are venture capital, hedge funds, private
banks, asset managers, and other types of
investment funds. This is what’s possible here
in this communist country. – China is an example of
a country that has gone from the Stone Ages
into the 21st century over the space of 30 years. So it’s really a fundamental
transformation of a society and an economy, the likes
of which I’ve never seen. I don’t think anybody’s seen
this kind of transformation in this kind of time frame,
anywhere in the world. Not least a country
with 1.3 billion people. – The way I look at it is, yes, China has a thousand
challenges on its hands. But so does nearly ever
other country in the world. And there can be
absolutely no denying that the opportunities
in China are far bigger than anywhere else on earth. Folks who are
getting in early on these trends are
making a fortune. You might be familiar with
FANG, the acronym in the U.S. for Facebook, Amazon,
Apple, Netflix and Google. Well in China, there’s
something similar. – BAT is an acronym that stands
for Baidu, Alibaba, Tencent. These are three major
technology companies in China. Baidu search company, I think
a lot of people draw analogies to Google because, of course, like Google in
the United States, it’s the dominant search
engine here in China. Similar business
model and everything. Alibaba is a massive
e-commerce company. It really dominates e-commerce. Tencent is a company that
doesn’t have a close analogy in the United States. It actually draws
most of its revenue from gaming and
things like that, but it’s most famous
product is a sort of all in one
communications platform, kind of a Swiss Army knife
of an app called WeChat. And it’s sort of
WhatsApp, Facebook, all these things sort
of rolled all into one. You can pretty much do
anything you need to do from buying things,
from hailing taxis. – They have WeChat account not
because they’re required to, but because it’s just so
convenient for them now. I mean, their entire
lives are online. They have their bank
statements there, they can send money to relatives
halfway across the country in just a few seconds, I mean,
it’s a huge benefit to them, that’s why they’re all online. – We have the
incredible opportunity to have meetings in two
of Tencent’s locations. First in Beijing and
then also in Shenzhen, their amazing new headquarters. Well that was amazing,
we just left Tencent, and we weren’t allowed
to bring you inside because of high
security and everything but really James and I got to see the future
right here at Tencent. – Yeah, just the place is
tighter than Fort Knox, they’ve got high tech,
cool stuff but the thing, Steve, that you just said
that struck me a minute ago is that this could
have been Google, this could have been
in Silicon Valley. We walked in, we were
greeted by an AI robot, we have AI facial recognition
to get into the elevators, that’s also in use by the
Chinese government they said, and these are people
working 15 hours a day. – Yeah, they want
you to stay there, so their working 15 hours a day. But just like Google, you know, James and I played ping pong, James also climbed the
climbing wall inside there. So we weren’t working
hard inside there but everyone else was. – We were the only
ones playing actually, yeah, but it was fun. – I told you about how
tech companies like Tencent and Baidu are up as much
as 50,000% since 2004. But it’s not just the tech
firms that are soaring. Look at some of these real
estate and construction firms that are making people
simply extraordinary gains. China Fortune Land
Developments soared more than 8,000% beginning in 2003. China Overseas
Land and Investment also soared roughly 8,000%
beginning in the year 2000. China Resources Land soared more than 6,500% beginning
in the year 2000. Country Garden Holdings soared
1,400% beginning in 2008. The list goes on and on and on. – People now talk about
a new crop of companies that are coming
up, many of them, not all of them yet listed. TMD is the new acronym that
you’ll be hearing a lot about. Toutiao which is an AI driven
news site which is massive. The actual company
is called ByteDance but they’re flagship
product is Toutiao. Meituan is another one which is a sort of
online services platform. O2O as it’s called in Chinese, where you can do anything from
book seats in restaurants, order takeout or buy
movie theater tickets or get discounts on things,
group buying, it’s enormous. And finally, D, stands
for Didi Chuxing which is like the Uber
of China but on steroids. – Yeah. Kaiser mentioned a
business called Meituan. It’s the biggest food delivery
platform in the world. You can order from
thousands of restaurants, on your phone and have food
delivered to your door. Get this, Meituan is
worth more than twice its American counterparts, Yelp, Groupon and Grubhub combined. – China has really
come to the stage. It’s technology and product
hunger is really unparalleled. It’s not seen
anytime anywhere else in the world and in history. So, we’re talking about really
more than a billion people, upgrading their lifestyle, pretty much catching up
to U.S. and European style but in a very dramatic manner. – China has seen technology
develop very much in lockstep with its really
rapid environmental growth. There’s a kind of
faith in the ability of technology to
deliver better lives. Compare that to the
United States right now where there’s a lot of
anxiety about technology. – This will be a rising economy. I’m not seeing the market
degrading itself anytime soon. I think it’s still
going full steam ahead. China is the second
largest economy today and I think it will
probably keep growing and become the biggest
consumer market in the world. It will be there with
or without your capital. So it’s really your call. (dramatic music) – There’s a saying in
the financial world that money flows to
where it’s treated best. And right now the
best place to build and grow wealth is
unquestionably in China. Which is why the smart
money is moving here. The money being made here is like nothing we have ever
seen in human history. What’s crazy to
me is that despite all the evidence I’ve shown you, the mainstream media
in America still loves to hate on China. Look at some of these
recent book covers. (dramatic music) But here’s the truth. Already the best
investors from America, including our most famous
and successful investor, Warren Buffet, and his business
partner Charlie Munger, are here in a big way. So are Bill and Melinda Gates, the Yale and Harvard
pension funds, Goldman Sachs, Bill Gross. And by the way, speaking of
millionaires and billionaires, according to the BBC
and the latest figures, China is producing two new
billionaires every week. That’s twice as
many as were created in America over the
same period of time. And get this, the
country recently created a million new millionaires
in a single year. That’s more millionaires
in a single year than the total that exists in the wealthy nation
of Switzerland. But it’s not just individuals
making huge money. There are many success stories
for small businesses too. – So I give you one
example we invested in, it’s a French company,
it’s called EyeTechCare. So this is a company, with
a cutting edge technology that could cure glaucoma using
the ultrasonic technology. It’s the only
company in the world that is capable of doing that. But it was a local company, it was a French
company based in Lyon. Today we took this company
to the China market and it’s already in more
than 30 cities in China and it’s doing
business really well. – Jerry told us the
money they’re making in some of these individual
Chinese cities is as much as they were
making in all of France. And there are others making
extraordinary gains as well. America’s number one
venture capital firm, Sequoia Capital, has even
set up a division in China. They recently made
more than 1,000% return worth millions of dollars
on one of their investments. And the most
profitable investment in the history of the
world was made here. A 500,000% gain in
roughly 17 years. Bloomberg called it
the deal of the century and for good reason. That type of gain turns
every $200 invested into more than $1 million. That investment was made
by a man named Koos Bekker and his company, an investment
firm called Naspers. What they did was
invest in Tencent, even though most Americans
had never heard of it. Again, the smart money
is moving to China, simply because this
is the best place to turn a small investment
into a sizable fortune in the years to come. – And I left the U.S. for
China, where I am right now, because frankly, in all
my life I had never seen such wealth creation
happening in the size and with the speed that
is happening right here, right now in China. – But I moved to Asia
because of China, I want my children to
grow up speaking Mandarin, and in their lifetime
China will be the most important country. – As an American investor,
I think this is the, in my personal opinion,
I think this is once in a many years
opportunity to dive in. – You’ve seen the
incredible new technologies and innovations
coming out of China that almost no one in
America knows about yet. I’ve told you about the
huge economic tailwind of this market, how another
300 million people migrating to cities and moving into
the middle class will create the biggest consumer
market in history. And I’ve told you
about how so much of the smart money
is already in China. But there’s a huge
part of this story that I haven’t
even mentioned yet, in fact it’s what
got me so interested in China just a few years ago and might be the
most important part of this incredible story. (gentle music) In short, there are two
enormous piles of money, I’m talking over a
trillion total dollars that are about to get pushed
into the Chinese stock market. This new money is absolutely
100% coming to Chinese stocks. And nothing like this
has ever happened before in the history of the financial
markets, not on this scale. Here’s the deal. A group called
MSCI, which stands for Morgan Stanley
Capital International, controls where huge portion of international
money is invested. And for the first time ever, MSCI is forcing hundreds
of billions of dollars from the world’s biggest
mutual funds, pensions and insurance companies to be invested in
local Chinese stocks. – There’s gonna be a
sea change around China, because it’s the
largest asset managers, it’s the largest
pension plans globally, they’re gonna be coming
here for the very first time because they have
to own these stocks, these bonds that we hold today. – This process started
in June of 2018, the next waves of
money are scheduled to go into Chinese stocks in May and August of 2019 with
even bigger moves after that. We’re talking hundreds of
billions of dollars in total. Never in my career
have I seen a way to legally front run many of the worlds biggest
money managers. But that’s what you can do today by buying the exact same
stocks they’re going to be soon forced to own. This development has
been barely been reported in the mainstream press. But the few folks who have picked up on it
understand the consequences. As the BBC reported, this is
definitely a game changer. But this secret boost to the Chinese stock market
won’t remain a secret forever. Once these big American
institutions have their money invested there, you will begin to
hear them talking about the great new companies in China every chance they get. So that’s one big pile of money that will soon be
forced into China. The second big pile coming
here could even be bigger. The Chinese government recently
announced they’re going to pour enormous sums,
as much as $1 trillion in the years to come, into
their public pension funds to make sure there’s
enough money for retirees. And as the Financial
Times reported, this will send a flood of cash into domestic Chinese equities. – We’re about to see, over
the next two to three, four to five, and
especially 10 years, a new era in Chinese investing. And it’s gonna be powerful. – In total, these two new
big piles of money going into the Chinese stock
market will total at least $1 trillion and
what’s incredible is, you can get your
money there first. I’m sure I don’t have to
tell you what’s gonna happen when you essentially double
the pile of money chasing the same big local
Chinese stocks. The value of these businesses
in the market will have only one way to go in the
longterm and that’s up, up, up. Again, almost no one in the mainstream press is
reporting on this story. But that’s great
news for you and me. I’ve simply never seen
a bigger difference between perception and reality than what we see in China today. It’s both the biggest
in dollar terms but also just in
those emotional terms, I come home from China and I
try to explain to Americans, to my wife, to my mother-in-law
what I’ve experienced and when I explain the
reality of what’s going on on the ground, they
still are not willing to change their extreme
perception of what they think. My wife and kids never
really understood China until I took them
there in person. And that’s the whole
reason I created this film, so you could hopefully
understand this
amazing opportunity without having to
go there in person. (upbeat music) Look, while it’s going
to get harder and harder to make money in America,
in the years to come, the money that will be
made in China is going to dwarf everything
else on the planet. I think we’ll see a time
in the next few years where the entire Chinese
stock market at least doubles in value in as
little as 18 months. And that’s just
in the short term. Over the long term, this entire market is
going to soar 500% or more. And the best companies
in China are going to return thousands
of percent gains. Investing in China’s best
businesses today is very much like investing in
Microsoft, Apple, Amazon and Google before they
became household names. These are truly life-changing
investment opportunities which are extraordinarily
cheap to purchase today, especially compared
to similar investments in the United States. – The U.S. is making
all-time highs. Chinese market is down 60%. Now, I don’t know if
they told you at school, but you’re supposed to
buy low and sell high. – Right, right. – So for me, something
that’s down 60%, might be more attractive than something making
all-time highs. (dramatic music) – Investing in China is an
incredible deal right now. Very few investors
are paying attention plus the growth potential in China is radically
bigger and China has some of the most innovative
companies in the world. Also, more than $1
trillion will be forced into Chinese stocks
in the next few years because of the MSCI decision and the national
pension catch-ups. Anyone of these factors
would be reason enough to invest a significant sum
in China in the years to come. But when you add all
these factors together, it’s a perfect storm
for making new money. – I am extremely bullish on where China is
going to be going. I think there all
right a lot of things, a lot of very strong
tailwinds that we still see. – Warren Buffet
is the most famous and one of the most
successful investors in America over
the past 60 years. One of my favorite
Buffet quotes is from his 1996 shareholder letter because it summarizes
the opportunity before us in China
today, perfectly. Buffet says, your goal as
an investor should simply be to purchase at a rational price, a part interest in an easily
understandable business who’s earnings are
virtually certain to be materially higher, five,
10 and 20 years from now. Over time, you will find
only a few companies that meet these standards. So when you see
one that qualifies, you should buy a
meaningful amount of stock. I never thought we’d
see a moment like this in my entire career,
we have a moment where China is the world’s
second largest economy and it’s battling with Japan to be the world’s second
largest stock market, but meanwhile, nobody is
invested in Chinese stocks. And when I say nobody, I mean American institutional
investors, global investors, even the local Chinese
are not really invested in Chinese stocks. – I think China has huge
investment potential. – As I tell my
customers all the time, there are always plenty of
reasons not to invest somewhere. Yes, there are many reasons
not to invest in China today. But think about this,
there were many reasons not to invest in U.S.
stocks back in 2009, in fact back then the reasons
were way more compelling than they are to not
invest in China today. But the U.S. market
tripled back then while most people simply
sat on the sidelines. The same thing is
going to happen over the next few
years with China. There are plenty of reasons not to invest but the
big picture is clear. – China has lifted 600
million people out of poverty over the last 20 years or so and they’ve been brought
into middle income status. And in the next 20 years, China will become a
high-income status country. So that transformation is
probably the most rapid and significant I think,
in humankind ever. You’ve seen other
little countries when they get an oil
rush, the Middle East, you’ll get oil comes through
and oil prices jump up and suddenly they’re
very wealthy. But it’s 10, 20 million people. This is over a billion people
and it’s not stopping here. There’s still a long way to go. – You know how people today
are kicking themselves for missing out on Amazon,
Google, Facebook and more? Well in five years or so, most of those same people
are gonna look back and say, man, how
could I have not seen this huge opportunity in China in the fastest growing
economy in the world with many of the best and fastest growing
businesses on the planet. – At this point, Steve, I’ve essentially gone all
in on China in my career. I’ve invested not just my money, but my entire career
in this country. – I think you’d be
crazy not to participate in it even in a small way. You don’t need to
jump in boots and all, but I think this
is a growth story that’s gonna run for at
least another 10 or 20 years. – Imagine if you had
not invested in the U.S. in the last 30 years, what
would you have missed out on. That’s exactly what
you will miss out if you don’t invest
in China today. (dramatic music) – I hope you enjoyed this
journey through China and a look at the
incredible opportunities that it presents us today. You know, I’m sure that some
people are gonna be very angry at me for making this film
and encouraging people to learn more about China and to ultimately take an
investment stake there too. In fact, I’m sure some people
will call me un-American. But I hope that you’re
open-minded enough to see what’s really going on. The truth is, China and America
are the future together. It’s not going to be
and it doesn’t have to just be just
one or the other. And the simple reality is, many places in China
are more advanced and more sophisticated
than anyplace in America. But many of America’s
biggest breakthroughs in trends of tomorrow,
are taking place in China right before
out eyes, today. Plus China’s economy is likely to double in size
in the years to come and that’s not likely gonna
happen anytime soon in America. Yes, there are a
thousand reasons not to invest in China today, but I think anyone who takes
an unbiased look will see that the positives far
outweigh the negatives. There’s no doubt in my
mind, the massive difference between perception and reality
in China today has created the greatest money-making
opportunity of our lifetimes. But this story won’t
remain a secret for long. I hope you take advantage of it before the rest of
the world catches on. To learn more about the specific steps you can take today to
have the opportunity to cash in on what Dr. Steve Sjuggerud describes as the
best money-making opportunity of our lifetimes go to www. new money movie .com
slash invest Dr. Sjuggerud has spent more than 20 years
helping hundreds of thousands of Americans figure out how to safely and
dramatically grow their wealth. In his investment research, Dr. Sjuggerud shows
you exactly which stocks he recommends you buy, when to buy, and when to sell to
have the opportunity to maximize your gains. He’ll show you the absolute best
way to take advantage of the opportunity in China today. You can access the best
of his investment recommendations through any regular U.S. brokerage
account. Dr. Sjuggerud has already helped hundreds of people make a small fortune
in China. Just look at a small sampling of the gains from more than 600 letters
he recently received from his subscribers. There’s simply no one more qualified in
the financial world today to help you learn how to take advantage of this
enormous opportunity and trends taking place in China.
Best of all, today you can save half off the regular subscription rate for Dr.
Sjuggerud’s investment research recommendations and you can try his
work totally risk-free for 30 days. If you’re not happy or if you change your
mind for any reason, no problem. You can get a full refund by calling or email
his US-based team. To learn more and to get access to Dr. Sjuggerud’s top China
investment recommendations in a matter of minutes simply go to www. new money movie .com
slash invest [Music]

Paul Whisler

100 Comments

  1. I was born in China and came to the U.S when I was 4. I visit there once a year for vacation and have been to many places featured in the documentary, how the American media couldn’t be more false when it comes to China. China is silently becoming a super nation and the states have our people completely unaware.

  2. yeah, what if you dont do something they want you to do? they can make it where you cant get a train .or you cant leave the country etc

  3. This will soon be the global norm, at which point we're screwed; hello 1984. Couple this with rising socio economic inequality, talent & knowledge information assymetry as well as the average joes scared passive attitude.

  4. U dont really need ur face to go shopping, its got nothing to do with convenience lol

  5. They use credit cards. They just don't use the plastic. They run on cash, but not paper currency.

  6. CHINA BUBBLE: Do you really think they are trying to help you out or the goodness of their heart 😂. It was the same with the housing bubble, the silver bubble and yes even the tulip bubble. The only time you see the rich giving advice on how you can get rich too by buying their share is when the market has peaked and they are trying to dump their holdings.

  7. Why they keep saying that Singapole is the most beautifull in the World ?

  8. bubble ? it's great to use your phone for everything but then is it really ? someone or something knows absolutely EVERYTHING about you since just about everything you do is recorded on massive servers somewhere. everything you eat, everything you buy, every where you go, everyone you talk to, everywhere you work, everywhere you use the bathroom lol… sounds like a recipie for control more than any other time in history to me. coming soon to north america lol.

  9. this is a propaganda documentary for american Banksters and investors. China is not independent at all but is owned by US Banksters=Gangsters. China has sold their soul to the Devil and this will not end well and you will see that i will be right about this.
    This documentary is not about China but about how US Banksters and investors ripping China off and the Chinese people have no say about this because the Communist dictatorship decided that it will be so without the Chinese people having their say. i used to be impressed about China but after seeing this Banksters propaganda i´ve changed my mind. Chinese people will never ever be Free. they are controlled both by american Banksters and by the Communist party.

  10. Your missing many important facts about China. They are predatory capitalists. Subsidized Logistics costs for exporters, IT Theft, Forced Technology Transfers, unfair Tariffs etc etc; all with the help and blessing of the Chinese government.

  11. Maybe a bi product of the rapid growth was an inflated currency, thus having to switch to a new means of banking system (mobile payment) maybe Bejing is the chinese politcal lab rat??? Didn't they just de-value, cant keep printing bills.

  12. This is just propaganda from the financial industry. The main idea is: China is growing, invest in China. I also found it too long. At the end of it, the sales pressure increases.

  13. Big Brother government on steroids, it is all about control. They shut off your access to commerce in a New York minute once you are identified as a dissident . TAIWAN knows this, demonstrating for all their worth to escape this control system. President Trump knows this as well and is successfully bringing industry back to America. This is a pure propaganda piece, may I remind everyone that the corporation has never been anyone's friend and is a cruel master.

  14. In an instant China s powers that be can stop your wallet then what will they do…. whatever there told !

    Its convenient and cool to everyone but look at the whole picture they can keep that you can have same life in USA

  15. Some times I think that the propaganda of the American government's controlled media is very similar to the media in Cuba 🤔🤔

  16. Tell that to Hong Kong residents! Pure propaganda by useful idiots to Chinese.

  17. It's August 26 2019 and most things discussed then is now in the market place. I just see Oct on wards being a few really "fun" months.

  18. Paying with their phones? Big deal. Still paying with fiat. And they would be fools to be wasting their cryptos so early in the game.

  19. Stock owners don't participate in the Chinese growth. How is that Capitalist? The Shanghai index has only gained 40% since 2001 and only 60% since 2009 low. Even the Hang Seng barely more than 50% since 2,000 and 110% since 2009 low. The ADR market INDEXCME: BKCN is no better at roughly only 100% return since 2009 lows. Sure, there's lots of wealth being created in China but not on the publicly traded stock exchanges. The real wealth is mostly flowing to the corporate leadership and Communist party not DF American suckers. Compare that with the S&P 500 returning 200% since 2001 and 300% since 2009 lows. Stansberry has been hyping China for 20 years. If it been so great for foreign investors where are all of their 1990's era subscribers success stories from the mid to late 90's that can even claim a $100,000 gain in over 20 years?

    Remember how Asia was going to be so great. All of those ETF's have languished for more than a decade. The wealth will not be shared with outsiders. A country with upper single digit economic growth of say 8% over twenty years this means that the economy will have grown by 466% in those twenty years. The stock market should be reflective of the growth of the economy so WTF happened to that 300-350% of growth that didn't happen in the stock markets.

    It's hard enough to pick winners in a semi rigged market but that task is at least three times harder in the totally rigged Chinese market and if you do sleuth out the chosen companies you really think that you, Joe fat slob American, is going to be allowed to actually participate on an equal footing! Time to get real Bro!

  20. Bored me so bad had to quit. Whatever you’re selling is 💩if it takes this long. Short other markets, buy Gold Silver & Bitcoin, & wait for Blood in the Streets of the RE flip mkt. No brainer.

  21. America can do everything China can, but better. We just need to get our shit together.

  22. China is effectively using technology to form an efficient society. But not everything there is applicable to the West due to its Oligarchy's insatiable appetite for total societal control and plunder. Just imagine the Deep State having total control on its fully digitized economy, and they are moving towards full crypto implementation, coupled with mass surveillance. In China, the top echelons of the "Communist Party" however is sending corrupt politicians to prison and requires all others to do a sort of pilgrimage to these penitentiaries and talk to the convicts, as a way of reducing state crimes. In contrast, the Wolves of Wall Street are still in business, and student loans remain unpayable. But China is still evil, nonetheless, as was LIbya under Col. Muammar Qaddafi.

  23. Anyone else think it's really weird that the narrator of the programme then sets himself up as an interviewee later on…..that's pretty bizarre…is he interviewing himself ?

  24. So much for the trade war! Carvana stole their car vending machine idea from China. There are varying ideas you can import from China into the U.S. and make millions.

  25. Had to stop watching because they started lying from the begining where they say california and Massachusetts is more communist than china, like seriously bitch? China has concentration camps for people that don’t agree about their government and christians, the whole country is a prison.

  26. Member for long time with them. Highly recommend them, left due to illness. Rate ten stars of ten.

  27. Not surprised Since All of The United States Imports Are Made There… .. Downside I can find nothing from Clothes to Shoes…. In American Made Sizes…..😑😑😑….. Their clothes are too Small…….. Thanks To Billions Of American made Dollars.. We made them what they are… PRESIDENT NIXON…!????……..🤔…..

  28. I just want to own DJI drone stock in China and I want to know when that stock will be offered on the NYSE.

  29. capitalism and communism are basically the same thing, modern utilitarian theory, its feudalism thats holding US back, lords who treat the population like livestock. there are individuals who own more land and resources than ancient kings and have de facto jurisdiction over those territories. in china, even if you have a billion dollars you cant own land, your money can only be used for productive investment

  30. Holy shit! The cuckolded sickophantic baby boomers/yuppies are shilling hard so their kids kids and grandkids can live disposable lifestyles and toil endlessly in our very own personalized shopping mall hellhole.

  31. This is all bullshit, it is a control system, money is gold and silver, electronic digits is worthless, you every transaction will be monitored and if you step out of line they will cut you off.

  32. In the digital world China will never go bankrupt, they just open more digits, they hate cash because it leaves them vulnerable, no one knows the total amount of digital. The cash on TV is symbolic mostly.

  33. It was interesting to see until he started to urge to invest. The best investment is when you invest in the beginning, now it's a great risk that China has reached it's peak. Economical growth is slowing down. Basically economical boost was due to young people moving to live to big cities from province, however this too slowing down now, just like population is aging. I believe China will continue to grow, but the grow won't be that fast as it was before. It will enter a slow mode.

  34. There is so much wrong with this propaganda I don't even know where to begin. Lets start with this. This documentary is trying to tell you how great a centralized cashless society is but the reality is that in a centralized cashless society you have lost your financial freedom. If Chinese banks need to go to negative interest rates they will take the citizen's money and there is absolutely nothing they can do about it because they are stuck in their system. If the government decides someone is undesirable they could freeze that person's account and that person would have no way to survive. But here the pitch is, imagine, you don't even have to carry around cash or a credit card! Isn't that exciting! Do you really think this is worth surrendering your freedom for? And you better make sure your energy/resource sucking grid dependent phone is charged or you might not eat that day. Lets hope this is NOT the future of mankind.

  35. hahaha wow. if you believe ANYTHING this documentary has to say, please please PLEASE lend your ear to the opposition and the hard data they provide. This video is complete bullshit.

  36. It's the land of Oz. Look behind the curtain. Who is pulling the levers? CCP. Not Capitalists as suggested. Far far from it. You are being played if you buy into this.

  37. I stopped watching after 27 seconds. "… mystical place where all the money is BEGINNING to flow"… um no, Money has been flowing there for decades, and it's starting to flow out but it can't – aka. Capital Controls. Don't be the greater fool.

  38. This video is 20years too late! Most if not all the changes and technology disruption they mention are done. Jim Rogers is just another sinophile with something to lose if American companies leave China.

  39. What a fabulous and gorgeous city! Overcrowded 🐀 race with terrible pollution though. Everyone addicted to zombie phones & 🏦 account isn't the best measurement of happiness. It's a fact not a myth that most of the people spying on and doing the most damage to America are CHINESE.

  40. Reading these comments I briefly flashed on the Roaring 20's where people were "investing" money they didn't have; everyone got involved and then came the crash. And crash it did! But out of the crash incredible wealth was built however that didn't happen until a big investment in a huge throw away economy called World War Two was made.
    Index funds . . .

  41. That’s also why chinese internet is closed to exterior networks, that’s probably a way to shield against hackers…

  42. You documentary was bought and paid for by a totalitarian regime, China is a capitalized country that thinks it communist. America is a communist country that thinks its capitalist

  43. Easy to get rich when u have an army of commie slaves doing your bidding. The peasents dont even have the right to kill themselves. Pick em off the suicide net and send them back to work!

  44. Keyword here is with the government's help. The U. S. government doesn't seek to help it's people, it seeks to usurp the wealth and misuse it in wars, through prison slavery, and debts, need I go on?

  45. It is European controlled media owned by the United States Corporation that are misrepresenting China in America and not Americans that are guilty of this act.The guilty culprit is the European fraud whom are depicting themselves as Americans when speaking lowly of Chinese technology. The true and de jure Americans are not Europeans and are in constant struggle to lift their feet from off our necks for many a generations or ever since they murdered President Lincoln in 1865. Europeans are subjects here on our vast estate. This must be made clear to the Chinese and the entire world that are unaware of this fact.These Europeans are misrepresenting us in China as well. The Treaty of Peace and Friendship of 1786/1787/1836 between the Moors and the united States of America on how to treat with and interact with the Moors of Morocco is still in effect. European colonial commercials on the lands of America does not make Europeans Americans. Our treaty of peace and friendship and constitutional laws and principles is clear that you are only to present yourselves as doing commerce on our lands. This fraudulent claim that you are Americans is treason and a violation of the national constitution. Stop claiming to be Americans knowing very well that you are not.

  46. and if they don't like your social credit score… your phone money stops flowing… The state will have it's boot on your throat 24/7…

  47. This is the best documentary that I have seen in many years.
    I cannot understand why our nations leaders can't agree on a peaceful resolution to the trade deal if both nations (and leaders, investors) are making a lot of money any which way. Why does it have to be always a confrontation thing? We should work together instead of against each other. No man (or nation) is an island … well, I guess some islands are nations, but you know what I mean, I suppose…

  48. The TALLEST of All these Money Trees is the Petro-Dollar….Petro is Petra meaning stone s or rocks..the miracle Bread of the Devil..Turn these rocks into bread, challenging Yahusha..

  49. Thank you for this video never thought of china in that way i mean the share scalability of any tech start-up in china is just mind-boggling wow

  50. Very good…Steve . You nailed it . Too bad the Neocons is playing the hate game on China . But moneys don't choose side or country . It is universal . Most Americans are brain drained on the Neocons Propagandas and all the Fake News that is constantly being injected into their heads . The Cat in the box can't think outside the Box .

  51. I see this was created before the HK uprising in August 2019 and note how they all give up their privacy to a commie country. Also now Trump is working on turning back the destruction of our country the USA. Wow we are not dead yet.

  52. America has paid for all that. China isn't a communist country. Their political system isn't new and used to be called fascism. It is private interprise, controlled by a dictatorship. Fascism leads to wars. It is only matter of time before China will attack Taiwan and may be Singapore. The movie presents rosy picture. Future will be quite different.
    Today for the socialist/fascist government isn't enough to rob you by taxes, they want to control your life. Without cash there is no freedom.

  53. Jim Rogers is the man who just a few months ago advised people to wait and buy gold when it goes to $800 an oz. Some investment guru!

  54. This reminds me of government propaganda films.
    This has so much sugar, it is Chinese diabetes.
    They have forgotten how to have a balanced report.

  55. and sitting behind the curtain of it all is Satan setting up his kingdom why the Mass sleep , sad truth, if you are willing to Indore sound doctrine please go to honest news Network with brother Joseph Skinner God bless you all.

  56. Its almost recession season! I bet he won't put the money in the market after the recession and earn a killing 😁

  57. For every rich people, there are 1000 poor people that work hard for them to make them rich,for when rich people get together they take the cheapest people that will do the work, these people you will not see, only the rich telling how great the world is.

  58. Chinese communist’s propaganda at its best. Commie China is in decline, ain’t nobody gonna stop that.

  59. But I wouldn't live there . The Chinese are the grimmest people I know. And rude.

  60. Fuck China and All you Globalist. MAGA ain't going nowhere 🇺🇲🦅

  61. Cliff Notes: these guys are telling u what a good deal the tickets on the Titanic were.

  62. 7.10 says it all. The difference between USA millennials and China. They work,save and are disciplined

  63. So much technology and development. The world is changing so rapidly. All this money. What good is it when we are destroying our only home (planet), people are over taken by greed and most of our social and economical problem are not addressed by our politician's?

  64. Thank you very much .. I had predicted to couple brokers to invest in China….about 15 years ago . It is TIME..!

  65. This is where American jobs went when corporate shareholders via Bill Clinton empowered Chinas human rights abuses by exporting our jobs to slave and forced prison labor. Communist capitalism is a great new concept that hopefully a businessman that is now our president,understands what has happened to America, and want to turn it around because the blue team is now in the bag for communist capitalism and would love to relive there old days of free labor from down on the plantation

  66. Just because you say they are Capitalist does not mean they are not communist, you are making the classic mistake of conflating the political system with the economic system. I am glad this piece is trying to educate or i am sure some will say it is a propaganda piece but either way it is eye opening. Still China is communist and personally i would be worried if you cannot use physical money, too many opportunities for funny money with phones only. Sad if they really don't accept actual cash, not that i have any interest in going to China anyways but still i think it is a sad state when business won't even accept the cash of their own government.
    HAHA, buy low and sell high…really Jim Rogers? Good thing you are here to tell us this, but you forgot to tell us WHY the Chinese market is down 60% in the first place. Overvaluation? Bubble in assets? Why was it JIm?

  67. PAYING WITH TECK IS BAD THESE PEOPLE ARE FUCKING YOUR SHIT WHEN SHIT CRASH YOU WILL BE LEFT HIGH AND DRY IF ANYTHING PRECIOUS METALS IS KING ELECTRONIC YOUR GOING TO LOSE WHEN SHIT GOES SOUTH DONT BE FOOLED YOU HAVE TO THINK IF YOUR A BAD GUY NOT THE WAY THEY PREACH YOU TO BE LIKE OR YOUR FUCKED……YOUR CHOICE SHEEP

  68. Watching all the ignorant and self-approbation comments about China, u just realised how these people have been deeply influenced by their biased media. They don't even bother to check whether the story they read is true or not. Being blind and keep believing all the propaganda the government wants you to believe that China has no freedom and will finally destroy while more Chinese are learning overseas and understand more how other countries really like(funny, cause I used to think biased media only exist in non-democracy country). U will be surprised how ignorant most westerns are about China and how knowledgeable young Chinese are about western. That's how China will finally become the most powerful country in the world.

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