Jim Chanos, the founder and head of Kynikos Associates, the world's largest short-term fund company, manages $6 billion.

He is a rare short-selling genius. At the age of 24, he became famous at a young age because he was bearish on Baldwin-United, the darling of Wall Street investors. At the age of 27, he founded his own fund company to focus on short selling. At the age of 43, he made a career and became famous all over the world because he was short-selling Enron. Now, at the age of 52, he has turned his short-selling target to a bigger "company"-China.

in the face of doubt and criticism, he laughed it off and said indifferently, "I'm used to being belittled, and I have good protective armor against it. I don't think many people will ever like it. There is a famous saying, I don't know whether it comes from the film The Godfather or somewhere else, and that is:' This is the career we have chosen.'

Chanos, the "short master" who accurately predicted that American energy companies would go bankrupt Enron, was astounding. According to a report in Chosun Ilbo yesterday, Chanos said: "The real estate bubble in China is more than 1, times worse than that in Dubai."

Since the second half of 29, he has been singing empty China in interviews with major media. He said: "China's economic bubble can be completely seen from the excessive credit, and there is no more serious excessive credit than China. Of course, I am not saying that the China economy or the A-share stock market will collapse immediately, but the bubbles in the fixed assets and commercial housing real estate sectors are unprecedented. "

In an interview with CNBC in January this year, Chanos said: "China's real estate bubble is unprecedented. China's real estate is completely supported by a large amount of capital inflows. At present, there are 3 billion square feet of commercial real estate projects under construction in China, with an average of 25 square feet for each person. There has been an obvious real estate bubble caused by liquidity, which will burst. If the bubble bursts, it will hurt building materials and bulk raw materials, such as iron ore. "

"There is increasing evidence that China's economic stimulus plan and excessive bank loans are creating artificial consumer demand and increasing the risk of a wave of non-performing loans."

"I find it interesting that a person who couldn't spell China ten years ago has now become an expert in China." Jim Rogers said this to him.

Colleagues of Chanos also admit that he started to study China's economy in the summer of 29. At present, there are 26 employees in his offices in new york and London who focus on the information about China's economy, and he has started the layout of "shorting China".

But it is not so easy to "short China" because the China government forbids foreign investors to directly invest in the A-share market. Chanos said that he was looking for other ways, ranging from banks, real estate and building materials manufacturers listed in China and Hongkong to commodities including iron ore.