Famed short investor Jim Chanos has been talking his book of
an impending China collapse since 2009. Here we are in 2013,
and I’m still waiting.
Back in 2009 he was talking about Chinese banks being built
on quicksand? Today the big 4 Chinese banks make close to a
combined $100 billion in profit. The top 3 all earn more than
or close to $25 billion annually which puts them each on par
with Apple. They are backed by the Chinese government to boot.
Maybe by 2023 we can get him to admit he was wrong.