Jim Chanos Explains Why There Won't Be Gentle Landing In China

Most of that money is locked up in real estate. At the peak of the property bubble in the west, fixed asset investment did not pass the high teens. This data also suggests that a consumer-led recovery in China is more of a myth than ever. .... The CCP has been lucky guiding their economy via old Soviet style central planning but the overheated economy rearing its ugly head is not easy to contain. CCP cadres have not been to situation like this and it will all be too late ...

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