Jim Chanos Warns Of Purge In China

China is currently experiencing a “Soviet-style 1930s purge” to consolidate power of leader Xi Jinping and four or five people are disappearing daily, many falling out of buildings, says Jim Chanos, founder of the hedge fund Kynikos Associates.

Jim Chanos says problems for China have doubled

Jim Chanos, who predicted a collapse of the Chinese “bubble” four years ago, said in a recent Charlie Rose interview on Bloomberg that the problems have only doubled. “The challenge in China is trying to figure out what is really happening beneath the gloss of government statistics,” he said. “China is...