Part of the problem in understanding China, Chanos says, is the prevailing myths. One is that the country's balance sheet is healthy in that it doesn't show much debt.
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China is becoming a version of the U.S., but it's the version that builds lots of Penn Centrals in record time to connect slapped together empty cities before going bankrupt.
Hedge fund manager -- and proud short-seller -- James Chanos spoke to CNBC reporters today outside of New York City's Cooper Union after President Oba...
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