Legendary short seller James Chanos says a bubble is building in China’s financial system that could derail the global economic recovery.
“China is the engine of growth that will hopefully pull us out of the morass that we find ourselves in,” he said in a recent speech.
“But the closer you look at that engine, the more you begin to see that it may throw a piston rod soon.”
Chanos, founder of Kynikos Associates, stresses that he doesn’t expect a crash in China anytime soon. (more)
No comments:
Post a Comment