Jim Chanos, 51, whose hedge fund, Kynikos Associates, based in New York, is specialized in short bets is very bearish on the chinese economy:
Mr. Chanos is warning that China’s hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. Its surging real estate sector, buoyed by a flood of speculative capital, looks like “Dubai times 1,000 — or worse,” he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent. in New York Times
Jim Chanos see a credit bubble developing in China and he told CNBC recently,
"Bubbles are best identified by credit excesses, not valuation excesses. And there’s no bigger credit excess than in China.”
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