(AF) Star hedge-fund manager Jim Chanos believes the China Evergrande crisis could have a bigger impact on Chinese investors than the Lehman Brothers collapse that sparked the 2008 global financial crisis, the Financial Times reported.
Short seller Chanos, who famously predicted the Enron crash, said in an interview with the UK newspaper that the developer’s collapse would reshape China’s massive real estate sector, adding that the “whole Chinese property market is on stilts,” the report stated. Full report: Financial Times
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