Chanos Says Chinese Property Development Can’t Hold

Apr 9 2010 | 1:26am ET

China-bubble evangelist James Chanos took to the airwaves once again to proclaim that the booming Chinese economy is about to go bust.

With as much as 60% of its gross domestic product tied up with construction, the Kynikos Associates chief told PBS’ Charlie Rose that China is “on a treadmill to hell.”

“They can’t afford to get off this heroin of property development,” Chanos said. “It is the only thing keeping the economic growth numbers growing.”

Chanos, who first publicly predicted the coming Chinese crash in January, said the bubble could burst by the end of this year or next year.

Transcript: Charlie Rose Interviews Famed Short Seller Jim Chanos (April 2010)


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of