CHANOS: China’s Credit Situation Is Worse Than Greece And Spain
Jim Chanos discusses China bogus economy @ approx.6 MIN mark
Interesting interview with Jim Chanos and his investment strategies. In the video he discusses what his research group concluded after analyzing the Chinese economy.
This appears to be a huge ponzi scheme due to collapse. The numbers are rigged and it is “growth for the sake of growth” to embellish the GDP.
Interesting discussion on investing in Hong Kong and what shaky ground it is via dubious accounting practices.