Tuesday, January 26, 2010

Jim Chanos: China's Real Estate Bubble Is Unprecedented

http://www.cnbc.com/id/35056774

"In the West, GDP growth is the residual of the free market… In China it is quite a bit of a different thing, very similar to the good old Soviet Union; GDP is a planning tool and we start with the GDP target and then figure out how it is we are going to get there," Chanos said.

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