At the prestigious SALT Conference held last week, one got to hear contrasting views on China’s future. While some speakers were ultra-bears, there were others who thought this was just the right time to make an entry in the Chinese market. China’s debt bubble is considered the riskiest and is especially oversized in the corporate sector.
Kyle Bass bearish on China, Burbank bullish
Kyle Bass reiterated his negative view on China’s recklessly large credit bubble and said that the economy is experiencing a hard landing. On the other hand, Don Brownstein, founder of Structured Portfolio Management, told the conference that he would rather bet on a communist government than a capitalist one.
John Burbank was all praise for one Chinese company, Tencent Holdings, where he...
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