Tuesday, February 8, 2011

Jim Chanos : The Chinese Bubble going to Burst ?

Is property boom in China really 65% of GDP? And if that bubble pops...Jim Chanos, founder and president of New York investment company Kynikos Associates, is an unapologetic China bear. Earlier in the year, Chanos famously described China's fixed asset malinvestment and manufactured growth as "a treadmill to hell". He then recently followed up with a cracking interview/article in Fortune, describing in detail some of the key problems afflicting the Chinese economy. Now Chanos has continued his crusade with the above interview on CNBC.

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