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.