Jim Chanos on China

Comments Off Written on February 23rd, 2010 by
Categories: China

Chanos is a short-seller, and was known to have shorted Enron before it’s collapse. While shorters are usually blamed for everything, Chanos has been right multiple times.Also he has the pockets to outlast “stop losses” when things don’t go his way.

The one statement that got me: China turned capitalistic to save its socialist elite, and now America is turning socialist to protect its capitalist elite.

And: China’s building 30 billion square feet of commercial space. That’s a 5x5 feet area for every person in China.

I don’t have the pockets to go short China – or the means right now. But you can’t ignore his points – China is not Greece, but it could be quite as bad for markets.

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The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@capitalmind.in.