Rogers brands Chinese stimulus moves 'a mistake'

Veteran investor Jim Rogers said moves by Chinese policymakers to stimulate the country's slowing economy are "a mistake".

The Chinese government recently revised down its growth target for 2012 from 8% to 7.5%, prompting investor concern over the impact of a slowdown in the world's second largest economy on the rest of the world. Officials are expected to tap into their extensive reserves and stimulate the economy through further interest rate cuts. However, in an interview with CNBC, well-known China bull Rogers (pictured) has criticised any such moves as "unwise" and urged China to keep credit tight in order to keep a lid on property prices. "I think they are a mistake and there is still inflation i...