Jim Chanos : Time to Exit China?

James Chanos : .... we have what we think is an unsustainable growth path for china. they are growing on the back of investment, and specifically real estate construction. so the consumer as a percent of china's economy is actually dropping, maria. net exports, also dropping interestingly enough. all of the slack and then some is picked up by construction. particularly and most concerning, high-rise construction of offices and condos in the tier one, two and three cities. fixed asset investment including land, according to the chinese, is now 70% of their economy. and put that in perspective, the asian tigers in the mid-90s, that grew so fast and blew up had a number half that. about 30% to 35%. so china has embarked on something almost unprecedented