China Slowdown is a Good Thing

Jim Rogers, CEO & Chairman of Rogers Holdings interviewed by CNBC says a slowdown in China's economy would be a good thing."China has been trying for two years to slow things down " Jim Rogers says " China raised interest rates 6 times , they raised reserve requirements 12 times in the last few months , they are doing their best to slow things down so it is finally working there is no surprise " he explains " it is a good thing of course it is a good thing they got inflation they got property boom they know they got to do it , but if they do not do it they'll have a collapse some day " he added " recessions and slowdowns are normal :"