International investment guru Rodgers (Jim Rogers) Wednesday (August 22nd) said, Chinese authorities may face pressure to cut interest rates to stimulate economic growth, but he thinks, further policy relaxation is not wise, the Chinese authorities should maintain a tight credit conditions to curb housing prices rise.
When talking about China earlier this year reduced deposit and interest rate cuts, Rodgers said: "I think, these measures is a mistake, China still inflationary pressure."
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