Jim Chanos, a short selling hedge fund manager, made his fortunate and fame by spotting Enron's problem early. Now he returns under the spotlight by betting against China, especially the real estate market. Using his own word, "China's property bubble is Dubai x 1000". We will see how much he will be right or wrong this time.
Some of his arguments
1. China's fix asset investment is at 70% of GDP and it is not sustainable. The transition between a infrastructure investment driven to a consumer based growth will be painful and the consumer can't pick up fast enough.
2. He is not all bearish about China and some of his China related long positions include casino operators such as LVS and WYNN. His argues that corruptions in China are hard to control and some of the money are ended on black jack tables in Macau.
From Business Insider
- The Fundamental Difference Between The Soviet Union And China Apr 2011
- Jim Chanos Just Announced The One China Long Bet He's Making Feb 2011
- Jim Chanos Explains Why There Won't Be Gentle Landing In China Feb 2011
- A Year After Calling Chanos An "Ignorant Slut", Stephen Roach Is Getting Nervous About Chinese Inflation Jan 2011
- Jim Chanos: Adam Smith Will Get His Revenge In China Dec 2010
- Jim Chanos Ratchets Up The China Rhetoric, Says It's On A Treadmill To Hell Apr 2010
- UBS' Jonathan Anderson Slams Chanos: China Is Nothing Like Dubai Feb 2010
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