China Housing Bubble Is "Over", Says Jim Rogers

The housing bubble in China is over, says Singapore based investment guru Jim Rogers in an article published in China Daily last week. The overheated Chinese housing market has cooled thanks to the government. Therefore, ladies and gentlemen, for the last time, there will be no hard landing in the Chinese economy.

?There has been a bubble in the Chinese property market which is now over,? he was quoted saying in an exclusive interview with the paper. ?It?s always right to follow what the government does, so look at the Five-Year Plan (2011-15) to see where the government?s sympathy lies,? said Rogers. Those sympathies lie with new value added technologies like biotech, and building up the municipalities in the interior of China, and ? more importantly ? building China?s social safety net to help an aging population stay out of poverty.

See: Trend Spotter Sees Chances?China Daily

China?s economy picked up steam in March with core inflation rising to 3.6%, according to the National Bureau of Statistics. The growth represents a climb from the 3.2% rate reported in February, the lowest pace in 20 months. China?s economy is accelerating again and that will have investors focused on inflation once more, David Carbon, Managing Director of Economics and Currencies at DBS Bank told CNBC on Monday.

?We look at the numbers and China gave us a touch and go three, four months ago, so it?s no longer a question of hard or soft landing,? Carbon said. ?China has already taken off?as has most of Asia.?

The iShares FTSE China (FXI) ETF was down 1.76% early Monday to $36.36, underperforming the MSCI Emerging Markets index. Year-to-date, FXI is up just 4.2% compared to the benchmark MSCI EM, up 10.8%, due to concerns of a slowing Chinese economy.

See: Forget Slowdown, China Already Re-Accelerating?CNBC.com

dia frampton zook eric decker eric decker dallas cowboys cheerleaders leftover turkey recipes leftover turkey recipes