May 18, 2011

Jim Chanos says China can go forward or go in reverse, but not slow down

The fact of the matter is, if they [the Chinese economic planners] hit the brakes really hard, the economy goes into reverse, it doesn't slow down. And nobody will say that publicly because it's almost unbelievable but it happens to be the way the numbers work.

~Jim Chanos, founder, Kynikos Associates, CNBC "Squawk Masters", May 18, 2011

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