Hyper-stimulated Chinese economy is on the verge of collapse, but not on sustained boom - J. Chanos

/IRBIS, January 11, 2010/ - Hyper-stimulated Chinese economy is on the verge of collapse, but not sustained the boom, said the report The New York Times, citing the opinion of James Chanos investor, who built one of the largest states on Wall Street, and foresaw the collapse of corporation Enron. At this time, James Chanos, writes The New York Times, is working on debunking the myth of the largest conglomerates of the world - China. Since most of the world relies on China to help lift the global economy from recession, Mr. Chanos warned that giperstimulirovannaya Chinese economy is on the verge of collapse, but not sustained the boom, as most economists predicted. Surging Chinese real estate sector, inspired by the flow speculative capital, looks like Dubai, but in 1000 - or worse, - like this he considers. He even suspects that Beijing is preparing its own results, forgery, among other things his eye-popping growth rates of more than 8 percent; - it's added in the publicized Article. Bubbles are best defined credit excesses, not the score excesses, - the expert said in a recent speech on CNBC. And there is no more credit redundancy than in China. However, the theory of James Chanosa, known as a player on short sales, runs counter to the prevailing view of most economists and governments, who expect that China's growth rate this year will continue. I find it interesting that people who do not specialize in China 10 years ago, are now experts on China, - said Jim Rogers, who was one of the founders of the Quantum Fund with George Soros - China is not a bubble. Colleagues recognize that Chanos began to study China's economy in earnest only last summer. [2010-01-11]