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“The bubble is really on the other side of the world”

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May 28, 2011, 7:34 pm
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Thoughts about international economy
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“The bubble is really on the other side of the world”
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by Zelia Cardoso de Mello.

May 28, 2011 - New York. That is what Jim Chanos said about China, explaining why he is short in China, and maybe not even bearish enough. The respected investor is negative on China since last October and it looks like more and more analysts are agreeing with him.

As the China economic growth is based on infrastructure  projects and  government investments, it looks like there are mounting signs of overcapacity. Bloombers is starting a series called  “the ghost cities” and here is the link for the first episode.

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“The bubble is really on the other side of the world”
“The bubble is really on the other side of the world”
Saturday 28 May 2011

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Politics
Brazil and China to sign a currency swap agreement
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