"The government stepping in to shore up the banks, when two months ago people thought there was...

|By:, SA News Editor

"The government stepping in to shore up the banks, when two months ago people thought there was nothing wrong with the Chinese banks, should tell you just how seriously this situation is deteriorating,” says Jim Chanos. "The property market is what investors ought to be watching ... (and it's in the) first parts of a very serious pullback."