In [yet] another episode of 'what recent crisis does this remind us of?', a summary of Jim Chanos' Chinese economic forecast (via NY Times):
"Chanos contends that China is headed for a hard landing of epic proportions because of its shaky financial system and an imminent collapse in its property market, which undergirds the entire economy. “'’m being conservative when I say that the coming bust in China’s real-estate market will be a thousand times that of Dubai,' he told Barron’s."
Unstable financial system? Real estate bubble? Nobody shout 'America'!
"Chanos contends that China is headed for a hard landing of epic proportions because of its shaky financial system and an imminent collapse in its property market, which undergirds the entire economy. “'’m being conservative when I say that the coming bust in China’s real-estate market will be a thousand times that of Dubai,' he told Barron’s."
Unstable financial system? Real estate bubble? Nobody shout 'America'!
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