China crash predicted by hedge fund star
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Despite the news that China has overtaken Germany as the world's biggest exporter, leading US hedge fund manager James Chanos, has predicted an impending Chinese economic crash.
According to a report in the New York Times, Chanos, who made his fortune on the back of well-timed short positions in companies such as Enron, told CNBC that China's property sector is hugely over-inflated and 'looks like Dubai times a thousand- or worse.' Read more http://www.citywire.co.uk/selector/-/news/comment/content.aspx?ID=375883
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