China is on "a treadmill to hell," whose property market is a bubble that may burst by as early as this year, Jim Chanos says. China needs to keep up the pace of property investment because up to 60% of its GDP relies on construction, he says. “They can’t afford to get off this heroin of property development. It is the only thing keeping the economic growth numbers growing."
China is on "a treadmill to hell," whose property market is a bubble that may burst by as early...
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