Jim Chanos: Situation in China is Deteriorating Rapidly

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Oct 12, 2011
Jim Chanos, founder of Kynikos Associates Ltd., discusses China's economy, banking, and real estate industries. Chanos, speaking with Michael McKee from the Global Alternative Investment Conference in New York on Bloomberg Television's "In the Loop with Betty Liu," also talks about his investment strategy and the 2012 presidential race.

Below are some quotes:

"The fact that people are even talking about the government stepping in to shore up the banks, when two months ago people thought there was nothing wrong..."