Jim Rogers explains that the real estate bubble in China is different from what's happening in the UK and in the US and that's is not going to affect China as a whole "In America people could buy four or five houses with no job, no money down and then the banks took the mortgages and diced them up even more. In China you cannot buy one house with no money down, with no job. There are strict limits on housing.Yes there's been a housing bubble in urban-coastal real estate in China. Yes its going to pop because the Chinese government is popping it with their own will. Americans certainly didn't do anything like that.Yes there are going to be problems , yes you're going to have some real estate bank going bankrupt , that's not China , it's not like what's happening in the UK and in the US " - in CNBC 23 Nov 2011
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