Short-Selling Guru Jim Chanos Is Still Short Chinese Banks

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Nov 05, 2012
Some comments from Jim Chanos:

- The days of 10% growth in China are over, and this is the product of the law of large numbers.

- Chanos has been shorting the iron ore industry because it has increasing capacity coming on at the same time demand is going to stall.

- He is short Fortescue (FSUGY, Financial) and the other focused iron ore miners.

- He is also long more diversified mining names in Australia.