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James Chanos Zitate

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What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations.

James Chanos

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Deutsche Übersetzung

Die Menschen wissen nicht, dass China seine letzten beiden Kreditblasen, die von 1999 und 2004, überarbeitet hat. Die Banken wurden nie gerettet - sie tauschten ihre notleidenden Kredite nur gegen fragwürdige Anleihen quasi-staatlicher Organisationen.

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