Jim Rogers has a response to Chanos (see previous post), and says Chanos does not understand China when comparing China property market to the Dubai bubble.
Basically,
Dubai + property speculation = bubble
China + hot economy ≠ bubble
“Great Britain was great once, Egypt also once and Rome once too, but China will have done it four of five times. After 300 years of decline everything is coming together for China in the 21st century”
- Jim Rogers
http://www.chinadaily.com.cn/bizchina/2010-01/19/content_9340790.htm
