Thursday, August 23, 2012

China Property Market Starting to Recover.

Jim Rogers : I think they’re a mistake and there’s still inflation in China. Yes, the property bubble has popped and prices have started coming down but not enough in my view. The most recent statistics show that Chinese property market is starting to recover. Well, that’s not the way you kill a real estate bubble. You don’t let it recover after six months of declines. You stay tight. China has given in two or three times in the past few years when they have tried to pop the bubble. Things start declining, they get nervous, they loosen up again and it gets worse. I would stay tough. - in CNBC

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).