Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Jim Chanos on China | CapitalMind

Jim Chanos on China

23 Feb 2010Deepak Shenoy1 min read

Quick Facts

What is "Jim Chanos on China" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 23 February 2010.
How long does this article take to read?: 1 min read
What topics does this article cover?: China, Jim Chanos

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.