The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile.

Chanos (born 1957) is an American hedge fund manager and is president and founder of Kynikos Associates a New York City investment company that is focused on short selling. He questioned the stability of Chinese economy stating that historically analogous evidence points especially to a housing bubble mentioning commercial real estate in particular. James S.

James S. Chanos (born 1957) is an American hedge fund manager and is president and founder of Kynikos Associates a New York City investment company that is focused on short selling.