Jim Chanos comes back from his trip to Hong Kong and Australia even more bearish. "The Chinese...

|By:, SA News Editor

Jim Chanos comes back from his trip to Hong Kong and Australia even more bearish. "The Chinese banking system is build on quicksand," he says, pointing out the government's vaunted $3T in FX reserves are not cash in the bank, but assets against which there are $3T in liabilities. His concerns spread to a complacent Oz, which "has hitched its wagon to the tail of the tiger."