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TMFMmbop (28.81)

Chanos on China on Charlie Rose



April 13, 2010 – Comments (5)

A must-watch as Charlie Rose interviews Jim Chanos on his China shorts. A very thorough talk that details why Chanos is betting heavily against China's premium property market. Although I am generally bullish on China, I agree with Chanos that people should absolutely be avoiding banks and real estate in tier 1 China. I think he does himself a disservice by talking about China as one place or one thing, but his points about tier 1 China are spot on.

5 Comments – Post Your Own

#1) On April 13, 2010 at 5:35 PM, JakilaTheHun (99.92) wrote:

Chanos is right on with these problems.  I don't know how long it will take for the house of cards to collapse, but I think it will eventually. 

I do like that Chanos took on the hypocrites in America who talk about "big government" in America, but don't seem to have much of a problem investing in a command economy in China.   (Hello Jim Rogers and Peter Schiff)

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#2) On April 13, 2010 at 7:43 PM, TMFMmbop (28.81) wrote:

That was a very fair point.

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#3) On April 14, 2010 at 1:50 AM, veitclub (69.00) wrote:

Tim, I think you're right about China being more diverse than Chanos seems to acknowledge. But it still makes me wonder about the collateral damage that a Fin/RE collapse in Tier 1 China will bring about. We may see some  good buying opportunities, once more...

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#4) On April 14, 2010 at 6:52 PM, TMFMmbop (28.81) wrote:


I certainly hope so. It makes my job easier when the market panics.

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#5) On April 15, 2010 at 1:29 PM, Dredu543 (< 20) wrote:

What about Tier 2 real estate ?

I have some shares of XIN that invest in this area and I am waiting a good moment to sell them.

If Real estate and banks collapse, what will happen with the rest of china companies ?   Should we take care in the other investments we have like cmfo, yong, cga ???

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