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Jim Chanos isn't backing off, laying out his bearish case on China in a new presentation...

Jim Chanos isn't backing off, laying out his bearish case on China in a new presentation entitled, China: The Edifice Complex. The arguments aren't new to anyone who's been following along: Property bubble, diminishing returns on the capital investment boom, and massive corruption at both the government and corporate levels. Priced in? China A Shares (CAF) fell years ago and they haven't gotten up.
Comments (4)
  • priced in and wrong.
    22 Apr 2013, 04:38 PM Reply Like
  • Remember Bears are right.......eventually. Lots of $$$ to b made
    In the interim. Stick with Macau story.
    22 Apr 2013, 04:46 PM Reply Like
  • There is massive corruption at both levels. I am in hopes that the administration will be able to curb this. They need to support clean tech. Poor health for the country in the long run could have devastating effects . The recent pullback in the CRB raw materials index is good for CPI data though. I am long, but that hot money has found its way from Macua into the property markets. I own a small position in CAF. I am hoping for the latter back half into next year for better signs. Watching the electric data and the pollution data also.
    22 Apr 2013, 08:49 PM Reply Like
  • The money to be made now is by betting against companies that rely on cheap Chinese labor. Some that come to mind are Apple ($AAPL) and all the $1 stores ($DLTR, $DG, $FDO)
    22 Apr 2013, 09:14 PM Reply Like
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