CHANOS: THE CHINA BUBBLE IS ABOUT TO BURST
25 January 2010 by TPC
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Famed short seller, Jim Chanos, has been vocal in recent weeks about his concerns in China. He is growing increasingly concerned about the real estate bubble in China where an “unprecedented” and “staggering” bubble is being blown by the government. Chanos says 30 billion square feet of commercial real estate are under construction – that’s a 5 foot by 5 foot cubicle for every person in China. Although he isn’t calling for a crash, he is increasingly risk averse:
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China’s real estate bubble:
A view from one who is in the business:
http://www.cibmagazine.com.cn/html/Print/Show.asp?id=1190&zhang_xin.html
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