“I think they’re a mistake and there’s still inflation in China,” said Rogers on CNBC Asia’s “Squawk Box” on Wednesday, referring to cuts in China’s reserve requirement ratios (RRR) and interest rates earlier this year.

“Yes, the property bubble has popped and prices have started coming down but not enough in my view. The most recent statistics show that Chinese property market is starting to recover,” he said.

Since November, the People’s Bank of China has cut RRR three times, by 50 basis points each, and reduced interest rates twice to bolster economic growth. At the same time, there are signs that homebuyers, buoyed by the interest-rate cuts, have returned to the market. Prices of new homes rose in 49 cities in July, the highest number of cities reporting price increases since May last year.

Signs of a recovery in the housing market may complicate the government’s efforts to stimulate economic growth by easing monetary policy, while attempting to curb speculative investment in property.

Most economists agree that China needs to implement more easing measures and expect either another cut to the RRR, or an outright interest rate reduction this month.

Rogers, on the other hand, thinks that the government needs to keep credit curbs in place, because the declines in property prices since the start of the year are not enough to stop a bubble in the property sector that could fuel inflation (explain this).

“Well, that’s not the way you kill a real estate bubble. You don’t let it recover after six months of declines,” he said. “You stay tight. China has given in two or three times in the past few years when they have tried to pop the bubble. Things start declining, they get nervous, they loosen up again and it gets worse. I would stay tough.”

Upbeat on Growth

Rogers made headlines in 2007 after he sold his home in New York and moved to Singapore because he believed Asia was on the cusp of an economic revolution as significant as the U.S. industrial revolution of the early 20th century.

Despite the recent slowing down in China’s economy, Rogers believes that the longer-term growth of the world’s second-biggest economy is in place.

“No, I haven’t sold any of my assets in China,” he said. “My Chinese shares are for my children. Yes, there are problems in China, sure. But I assure you, if there are problems in China, the rest of us have serious problems, too.”

His views echo that of Mark Mobius, executive chairman of Templeton Emerging Markets, who told CNBC on Tuesday that China’s economy is still flying high.

“I don’t know if (China) will grow 7 percent. Why can’t they grow 2 or 3 percent?” he said. “Two percent is more than fine. The rest of the world is declining,” Rogers said.

He added: “If China grows 2 percent, everyone will be flocking to China, including me.”

China’s economy grew 7.6 percent in the second quarter, the slowest pace in more than 3 years.

—By CNBC’s Jean Chua

Source: CNBC.com

A rather interesting argument over the future of the Chinese economy has erupted following Jim Roger’s, the CEO of Rogers Holdings decision to call out two China bears in an interview with Investment Week.

Rogers dismissed fears over a hard landing and said both Hugh Hendry, who runs the Eclectica Absolute Return Fund and SocGen’s Albert Edwards are dead wrong to be so negative on the Chinese economy.

“Hugh has been dead wrong about China for three years now and China has not collapsed as he predicted, loudly, verbally and widely” said Rogers. Hendry used an interview with the Financial Times last week to predict bad things for investors and the global economy but has otherwise been keeping a low profile after betting on difficult times for China.

Rogers dismissed Edwards as being negative on everything, even Catholic saints.

“Albert has been bearish on everything for a long time. So if you are telling me he is bearish on China and bullish on everything else that would be different. But no, he is bearish on everything, including you, me and Mother Teresa” said Rogers in the interview with Investment Week.

Edwards is famous for his hugely bearish calls, seeing ultimate death crosses in the charts and calling other analysts “Happy Clappy”.

With Chinese stocks doing so badly the debate is likely to rage on, but Rogers said he was becoming increasingly interested.

“The lower they go, the more interested I become.”

- By CNBC’s Patrick Allen.

© 2012 CNBC.com

Source: CNBC.com

The partnership centres upon providing IntierraRMG’s renowned Mining Insight seminars at both, Asian Mining Indaba, Singapore later this year and African Mining Indaba, South Africa in early 2013. Each seminar is designed as a commodities fundamentals masterclass and will be delivered by IntierraRMG Editorial Director, Dr. Chris Hinde.

IntierraRMG Managing Director, Peter Rossdeutscher said, “These seminars deliver a comprehensive but straightforward explanation of how the global mining industry works. They are hugely beneficial for people on the periphery of mining who want to develop more business opportunities in the sector. Combining the seminars with two of the most important mining events in the world is of real value to conference attendees.”

Mining Insight seminars provide an overview of the industry and are aimed primarily at individuals working within associated sectors including equipment manufacturers, service organisations, legal firms, the finance community, and non-mining staff within mining companies.

Commenting on the relationship, Jonathan Moore, Managing Director of the Mining Indaba states, “For the more than 18 years Mining Indaba has partnered with many influential leaders and government officials to make Investing in African Mining Indaba the world’s largest mining investment conference. This new partnership will allow us to introduce a new dynamic to the educational program is primed for both Africa and Asia.”

Investing in Asian Mining Indaba takes place in Singapore between 29th and 31st October 2012. The IntierraRMG Mining Insight pre-conference seminar occurs on 29th October 2012 between 09:00am – 12:30pm. Visit http://www.asianminingindaba.com for full conference and registration details.

[Note to editors]: The event is open to qualified press. For press accreditation details, please visit www.asianminingindaba.com/press.

Mining Indaba is recognized as the world’s largest mining investment event and largest event in African mining. Throughout its 18 year history, Mining Indaba has channelled billions of dollars from foreign investments into the African mining value chain. Mining Indaba has partnered with South Africa and other African nations to bring international investors and financiers to the region channel investments into African mining. Investing in Asian Mining Indaba is the newest introduction to the global expansion of the Mining Indaba brand.

IntierraRMG is the mining industry’s preferred source of data, mapping, analysis and reporting. It delivers respected market and project reports for suppliers, material flows analysis, mineral economics policy and unrivalled consulting expertise. Its databases and sector-specific modules offer unique insights into tenement ownership, company evaluations, M&A, risk management, due diligence, competitor intelligence and project pipeline evaluation. The mapping division distributes over 850,000 maps globally through leading industry publications and major conferences.

Media Contact: Kelly Chan – Marketing Manager, IntierraRMG

Phone: +61892146305

Email: kellyc@intierra.com

Visit: www.intierra.com

Source: CNNMoney.com

“Mining in Asia has tremendous potential to promote sustainable economic growth, if the revenues from those resources are invested in much needed infrastructure and human capital,” explains Paulo de Sa, manager of the World Bank’s Oil, Gas and Mining unit. “Asia Mining Indaba provides us with an excellent platform to reach out to multiple stakeholders from government, private sector, and civil society, and see how we all together can best address the opportunities and challenges ahead.”

Investing in Asian Mining Indaba is an annual professional conference dedicated to the capitalisation and development of mining interests in Asia. The event will attract the most influential stakeholders – financiers, investors, international mining houses, Asian government delegations, and other stakeholders – vested in the Asian mining value chain.

“In February 2012 we publicly announced the inaugural Asian Mining Indaba presenting global mining and investment professionals an early look at this powerful new opportunity awaiting in the Asian region” said Jonathan Moore, Senior Vice President and Managing Director of Mining Indaba LLC. “Since the announcement we have received overwhelming support from the World Bank Group, Earthstone Group and many others from the Asian mining and investment community, government delegations and the press.”

“The exciting thing about this annual conference is bringing the successful networking platform of the African Mining Indaba to Asia. This platform will be critical to Asia as it seeks capitalisation throughout the entire mining value chain and will serve as a key strategic opportunity for Earthstone Group’s continued expansion in Asia providing us with access to serious investors and critical regional government delegations, ” explains Ravi Puri, Executive Director, Earthstone Group.

The inaugural Investing in Asian Mining Indaba will feature an assembly of unparalleled keynote presenters renowned for their global macro-economic, international mining and regional commodity investment expertise.

• David Hale, David Hale Global Economics
• Frank Holmes, U.S. Global Investors, Inc.
• Jim Rogers, Author, Financial Commentator and Successful International Investor
• Liliang Teng, China-Africa Development Fund
• Allan Trench, Ph.D, CRU
• Kobus van der Wath, The Beijing Axis

The Investing in Asian Mining Indaba is supported by multiple sponsors including its platinum sponsor, Earthstone Group, the IFC, World Bank, and many others, and has partnered with multiple trade and international media partners.

Visit www.AsianMiningIndaba.com for registration details and full conference agenda featuring the Asian mining ministerial forum, commodity review and outlook, and other expert sessions.

[Note to Editors:] Investing in Asian Mining Indaba is open to qualified members of the press. All press registrants will be required to apply for press accreditation. Visit www.AsianMiningIndaba.com/press for details.

About Mining Indaba LLC

Investing in Asian Mining Indaba is presented by Mining Indaba, LLC, the organiser of the world’s largest investment mining event and Africa largest mining even – Investing in African Mining Indaba. Mining Indaba LLC has partnered with South Africa and other African nationals for more than 18 years to channel billions of dollars of foreign investment into African mining. For more information, visit www.miningindaba.com.

Press Contact:
Maria Palombini
Mining Indaba LLC
mpalombini@miningindaba.com
+1.201.526.1218

The world’s largest mining investment event, the annual Investing in African Mining Indaba, is now extending the successful business conference to Asia. Investing in Asian Mining Indaba will be held from October 29-31 2012 at the Marina Bay Sands, Hotel Singapore:  www.AsianMiningIndaba.com

Investing in African Mining Indaba CEO Jonathan Moore says the Singapore event will use the South African event as a template.  “The event in Asia will be the same as the Cape Town event in terms of look and feel, but with an added unique Asian flair. The  focus of the event will be on the Asian mineral assets,” Moore explained.

Kobus van der Wath, founder and Group Managing Director of The Beijing Axis, and advisor for the African and Asian Mining Indaba, says: “The move signals that Asia matters for the world, which is why some of the major mining companies have established regional hubs in Singapore. The region is at the centre of the trade route for mining products from all over the world. Singapore is located between Africa and Australia, two major global mining markets, and the Malaysian government is proactive in developing the resources sector.”

The exponential increase in demand for natural resources from India and China is driving the need for more mining opportunities in the region. “Asia is ripe for a business conference platform like the African Mining Indaba. Unprecedented demand for iron ore, coal, uranium and other natural resources further augment the importance of stimulating more mining activity in the region. We intend to achieve the same goals as we began achieving with Africa more than 18 years ago, and that is to channel foreign investments into Asian mining to help meet these supply challenges,” explains Moore.

Investing in Asian Mining Indaba will be an annual professional conference dedicated to the capitalisation and development of mining interests in Asia. The event will attract the most influential stakeholders – including financiers, investors, international mining houses and Asian government delegations – vested in the Asian mining value chain.

“Being the leader in its domain, the Mining Indaba global brand ensures an impressive gathering of investors, key mining companies, and government delegations from the continent.  Asia has long been waiting for a business networking event that is of the calibre of Mining Indaba to bring awareness and the necessary investments to fuel mining activity in the region. Asia cannot be ignored,” say Van der Wath.

“We are taking African magic to Asia,” Moore concluded.

All participants must be registered and require a badge to access any of Investing in Asian Mining Indaba’s event activities. Pre-registration is highly recommended for all professionals interested in attending. We invite all individuals to subscribe to our mailing list for exclusive notifications of special pre-conference registration offers. To learn more about Investing in Asian Mining Indaba refer to the website at www.AsianMiningIndaba.com.

[Note to Editors:] Investing in Asian Mining Indaba is open to qualified members of the press. All press registrants will be required to apply for press accreditation. Please subscribe to our event updates to stay informed of press registration requirements and commencement date.  Visit www.AsianMiningIndaba.com for details.

About Mining Indaba LLC

Investing in Asian Mining Indaba is presented by Mining Indaba, LLC, the organiser of the world’s largest investment African mining event. Mining Indaba LLC has partnered with South Africa and other African nationals for more than 18 years to channel billions of dollars of foreign investment into African mining. For more information, visit www.miningindaba.com.

The Annual Investing in African Mining Indaba is recognised as the industry’s premier forum for bringing investments into the African mining value chain. Throughout the 18 years of its history, the Investing in African Mining Indaba has channeled billions of dollars in foreign investments into African mining and brought millions of dollars in tourism revenue for the local Cape Town economy; it has become the international standard for mining investment events.

The exponential increase in demand for natural resources from India and China are accelerating the need for more mining opportunities in the region. “Asia is ripe for a business conference platform as that of the African Mining Indaba. Unprecedented demand for iron ore, coal, uranium and other natural resources further augment the importance of stimulating more mining activity in the region. We intend to achieve the same goals as we did with Africa more than 18 years ago and that is to channel foreign investments into Asian mining to help meet these supply challenges,” explains Jonathan Moore, Senior Vice President and Managing Director of Mining Indaba, LLC.

Investing in Asian Mining Indaba will be an annual professional conference dedicated to the capitalisation and development of mining interests in Asia. The event will attract the most influential stakeholders – financiers, investors, international mining houses, Asian government delegations, and other stakeholders – vested in the Asian mining value chain.

“Being the leader in its domain, the Mining Indaba global brand ensures an impressive gathering of investors, key mining companies, and government delegations from the continent.  Asia has long been waiting for a business networking event that is of the caliber of Mining Indaba to bring awareness and the necessary investments to fuel mining activity in the region,” says Kobus van der Wath, Founder and Group Managing Director of The Beijing Axis, and Keynote Presenter and Conference Advisor.

All participants must be registered and require a badge to access any of Investing in Asian Mining Indaba’s event activities. Pre-registration is highly recommended for all professionals interested in attending. We invite all individuals to subscribe to our mailing list for exclusive notifications of special pre-conference registration offers. To learn more about Investing in Asian Mining Indaba refer to the website at www.AsianMiningIndaba.com.

[Note to Editors:] Investing in Asian Mining Indaba is open to qualified members of the press. All press registrants will be required to apply for press accreditation. Please subscribe to our event updates to stay informed of press registration requirements and commencement date.  Visit www.AsianMiningIndaba.com for details.

About Mining Indaba LLC
Investing in Asian Mining Indaba is presented by Mining Indaba, LLC, the organiser of the world’s largest investment African mining event. Mining Indaba LLC has partnered with South Africa and other African nationals for more than 18 years to channel billions of dollars of foreign investment into African mining. For more information, visit www.miningindaba.com.

MINING INDABA PRESS ENQUIRIES:
Maria Palombini
Director of Marketing
Mining Indaba, LLC
(e): mpalombini@miningindaba.com