Business Insider – China is going through a property boom. The master of short selling, Jim Chanos, questioned China’s real estate investments and said he is now shorting China. Al Jazeera’s Melissa Chan reported from Ordos Shi in Inner Mongolia, a town of one million people built with stimulus money that has almost no residents.
Shorting China was one of Chanos’ favorite investments in 2010. Chanos didn’t explain how specifically he shorts China but he hinted at shorting companies and industries that are benefiting from China’s real estate bubble.
