There is no question that China is already trying to cool things up and they should. They are doing the right thing. They have raised reserve requirements three times, they have raised interest rates, they are putting out some pretty serious measures, they are cooling off the housing bubble which has developed in urban cost of real estate in China. So yes, China is taking smart measures.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.