Chanos China is in the midst of a world class property boom
Jim Chanos China is in the midst of a world class property boom and it is a boom that is based on constructing high rise buildings , they putting up high end condominiums in all their cities , and it is leading to the economic growth that we are seeing , 60% of this country's GDP this year 2010 will be construction and of that we believe 75 to 80 percent of it is high rise real estate construction , so that's almost half of their GDP is coming from that , no major economy in the world have sustained anything like that for anything over a very short period of time says Jim Chanos....
Kynikos Associates President James Chanos argues Chinas property boom is leading to economic prosperity
