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Chanos: China’s economic “facade” starts to show cracks
China’s economy is showing real signs of weakening, particularly in real estate, and even could tip into a recession, hedge fund manager Jim Chanos, founder of Kynikos Associates, told CNBC. “The cracks are spreading in the facade. You’re seeing real estate firms shutter, sales offices closed down. Some of the engine behind the boom is at least beginning to sputter,” he said. Source: CNBC, May 18, 2011. More on this topic (What's this?) China clocks a humongous $60 billion in annual solar manufacturing output beating USA and Europe (Green World Investor, 9/2/15) Is Pakistan getting suckered by China in infrastructure costs (Green World Investor, 8/4/15) Online video in China is a mostly a desktop play (for now) (Telecom Ramblings, 8/31/15) |
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By Prieur du Plessis, on May 22nd, 2011 posted in: 
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