Jim Chanos’s New China Presentation Will Have You Convinced The Country Is Doomed For A Hard Landing

April 20, 2013 Leave a comment

Jim Chanos’s New China Presentation Will Have You Convinced The Country Is Doomed For A Hard Landing

Sam Ro | Apr. 19, 2013, 12:26 PM | 58,050 | 14

Jim Chanos gave a devastating presentation on China at Mish Shedlock’s Wine Country Conference. Chanos has been bearish on China for quite a while.  However, his new presentation is particularly fascinating because it has some pretty graphic cartoons. “The cartoons/illustrations, gruesome/silly, as they are, are FROM Chinese sources!” said Chanos in an email to Business Insider.  “That’s why we put them in-so that people know that the media inside China is becoming more skeptical itself.”

the-chinese-economic-story-is-riddled-with-red-flags the-country-is-putting-itself-at-risk-by-forcing-growth the-return-on-investments-is-starting-to-fall-which-is-a-bad-sign the-infrastructure-projects-are-getting-increasingly-outrageous and-all-of-that-growth-is-being-fueled-by-a-credit-bubble and-that-credit-bubble-is-being-inflated-by-a-massive-market-for-dodgy-financial-products the-china-bulls-are-betting-that-hundreds-of-millions-of-people-will-flock-to-the-cities and-these-expectations-are-inflating-a-property-bubble home-affordability-in-china-eclipses-affordability-in-even-nyc workers-are-demanding-higher-wages-putting-immense-pressure-on-the-manufacturing-sector inequality-is-a-big-problem-in-the-country corruption-is-a-very-public-problem and-the-chinese-people-are-increasingly-unhappy-with-the-situation meanwhile-theres-a-lot-of-noise-taking-attention-away-from-the-underlying-unstable-economic-situation money-is-fleeing-the-country and-to-top-it-off-chinas-own-leadership-confirms-all-of-the-chanos-suspicions

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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