Rogers faces lonely dinner as investment crumbs go stale
Here is proof that China investors are not crazy, but rational.
A Friday dinner for four with investment guru Jim Rogers (below) in Beijing this week was offered on taobao.com by Beijing Media Group at 18,888 yuan. By 7pm yesterday no one had made any offers.
That may surprise Mr Rogers, who is widely quoted in mainland and Hong Kong press. During the weekend, he was featured as a keynote luncheon speaker at a Guangzhou investment seminar with an audience of about 600, some of whom paid as much as 3,800 yuan for the event.
A dinner set for four, including Mr Rogers, compared with four tickets for a seminar is on offer at only a 12 per cent premium, with the possible compensation of a night of tailor-made investment advice.
We suppose Mr Rogers could take this as an example of the difference in spending power between Guangzhou and Beijing, and use it to help guide him to the best investments.