Jim Chanos Explains The Chinese Financial Crisis

At a recent event at the Wine Country Conference, Jim Chanos of Kynikos Capital Management, one of the world’s foremost experts on China’s economy and one of the world’s most prominent short sellers, explained the financial crisis that China has already started, and the dominoes that look like they are ready to fall. The pillars of Chanos’ thesis are the property bubble, corruption, rising costs and growing dissatisfaction among the nation’s workers. The Chinese property bubble is something we’ve looked at several times before, but the situation isn’t getting any better. Chanos lays out the massive structural issues in simple terms. A shadow…