Jim Chanos, well-known short seller and founder of hedge fund Kynikos Associates, appeared on CNBC this morning to give his thoughts on China and the market. Readers will recall that Chanos has been a bear on the country (see his China presentation here).
Chanos says that China is still trying to cull the property sector. He also says he is short China's banks which have been great shorts, down 30-40% over the past 2 years. While Chanos spent time talking politics, his shorts over there have been purely economic and financial.
Chanos also previously debated Xerion Fund's Dan Arbess as to whether China was a bubble or bonanza.
Embedded below is the video of Chanos' interview this morning:
Be sure to also check out some of Chanos' latest short positions.
Thursday, April 12, 2012
Jim Chanos on China
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