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

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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

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of minutes simply go to www. new money movie .com slash invest

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