(The Irish Times) Kyle Bass, the American hedge fund manager who correctly called the 2008 subprime mortgage crisis, believes China is heading for financial chaos because of rapid credit expansion in the country’s banking system.In the most bearish prognosis yet by a significant commentator on the world’s second biggest economy, Bass forecast that China’s banking system will suffer a loss four times greater than that suffered by US banks during the great recession.
Top US Hedge Fund Manager Says China Heading For Financial Chaos
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