China's bubble will burst - and take Asia with it, says Jim Chanos

China is heading for a fall, says hedge fund founder Jim Chanos - and it "will take Asia and resource economies like Australia and Brazil with it".

"China is heading for a fall", says Jim Chanos - and it "will take Asia and resource economies like Australia and Brazil with it".

Chanos, the short seller who predicted the collapse of both Enron and the US housing market, believes the Chinese property boom is a bubble that will eventually burst. Speaking to CNBC, he says: "The property crash in China will be worse than it was in America or the UK."

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.