Jim Chanos China Presentation: The Mother of All Bubbles

0
Jim Chanos China Presentation: The Mother of All Bubbles
Jim Chanos photo via Insider Monkey (CC BY-ND 2.0)

Jim Chanos China Presentation: The Mother of All Bubbles

Jim Chanos China Presentation titled ‘China: The Edifice Complex’ The presentation is from a speech which took place at the Wine Country Conference on April 5, 2013. Jim Chanos covers Chinese banks, corruption, housing, infrastructure, debt, wages and more. Below is an excerpt from the wealth destruction section:

Large-scale capital projects grow sillier by the day
–New South China Mall – world’s largest and loneliest
–New Ordos – empty city in Inner Mongolia
–Sky City One – world’s tallest building to be built in only 90 days
•Massive infrastructure spending continues
–1,188 new shopping malls by 2015
–Airports: 14 opened in 2012 and 12 to be constructed in 2013
–Subways: 28 cities get approval to build or expand subways
•Feasibility is secondary thought
–Overstate revenue and understate maintenance costs
–Is economic depreciation being factored in?

Massif Capital’s Top Short Bets In The Real Asset Space [Exclusive]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2