| Jim Chanos: China is a roach motel... Get out now | ||
Thursday, September 20, 2012 Text Size:  
From Newsmax:
Investors holding Chinese equities should sell now, and those considering entering the Asian giant's stock markets hoping recovery will bring up share prices should stay away, said Jim Chanos, a hedge-fund manager at Kynikos Associates. The Chinese economy is deteriorating, and Beijing might take steps to make it appear otherwise via monetary policy measures like cutting interest rates or reserve requirements, but those who are caught in equities markets wishing to leave will find no buyers. "It's destined to suck Western capital into the country and have it never go out," Chanos told CNBC. "You're almost in a classic emerging market roach motel, except it's a really big one in that it's very difficult to earn adequate returns for capital and get your capital back as a Western investor... Read full article… More from Jim Chanos: Jim Chanos: Why I'm so bearish on China This weekend's "must-read" report on China you don't want to miss Must-read: Master short-seller Jim Chanos' presentation from yesterday's Value Investing Congress |
Friday, 21 September 2012
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