CHANOS: I AM NOT BEARISH ENOUGH ABOUT CHINA

On whether the yuan would indeed appreciate if it were not pegged to the dollar:

“I think this is actually one of the reasons contributing to the bubble in that it is a double edged bet that could turn into a double-edged sword.  Investors are counting not only on asset appreciation of fixed assets in China, but they’re counting on the yuan being revalued upward. If it ever became apparent that might go the other way, you could see a real scramble to get out of these assets in China.”

via CHANOS: I AM NOT BEARISH ENOUGH ABOUT CHINA | PRAGMATIC CAPITALISM.

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