08.03.2013 - China's 'ghost cities' warn of property bubble: Chanos
Avoid investments that rely on the Chinese real estate market because the bubble there is getting "bigger, and bigger, and bigger," hedge fund manager Jim Chanos told CNBC on Thursday. "Anything that's depending on the Chinese economic miracle I would be careful of," Chanos said. The founder of Kynikos Associates, said it was "somewhat controversial" when he started to warn about real estate in China three years ago. But he added, "[the] property bubble is visual. You can't miss it [now]."..............................................Full Article: Source
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