Rogers trains guns on Chanos for China remarks

American investment guru Jim Rogers has debunked contrarian investor James S Chanos suggestions that China's investment bubble may lead to a Dubai-style implosion.

Rogers said the Chinese economy is not in any imminent threat of collapse, and investors and companies are wise to stay involved with it.

"It is absurd to say China is in a bubble when the stock market is 50 to 60 percent below its all-time high. If you have a bubble you have things going through the roof. You have everybody screaming fire every day," he said.