“In an interview with Opalesque TV, Jim Chanos gave his thoughts on short selling and also added his outlook on the China macro and micro situation.
Chanos sees many short opportunities in Chinese companies for a number of reasons, including a terrible credit situation. Below are some of the transcribed quotes from his interview, with the video embedded at the bottom of the page.
On China:
- “A lot of people get the wrong impression, we are not macro people and I’ve stressed that we are stock people. But we came at China for exactly that reason. In the summer of 2009 we were looking at mining stocks, and we were trying to figure out why it was that in the teeth of a global recession, in mid-’09, that mining companies were reporting pretty close to record profits.”
