Jim Chanos continues to make the rounds, explaining his controversial (though increasingly less so) view on the Chinese bubble. A point he emphasizes: he’s not betting against China, the economy, or currency. He’s specifically negative on property. How’s he betting on that? Betting against the companies that supply raw materials for the building boom — iron ore, construction etc.
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See Also:
- Chanos: 30,000,000,000 Sq. Feet Of Commercial Real Estate Being Built In China
- Jim Chanos: Just Wait Until The Chinese See Communist Insiders Flipping Their Homes
- Why Shanghai Real Estate Is The Most Obvious Bubble Ever