Legendary short seller Jim Chanos of Kynikos Associates appeared on Bloomberg Television and said that his "dramatic" bet against Chinese real estate may not be bearish enough and that "the bubble is really on the other side of the world."
"Lately, I have been taking a beating from some Chinese real estate developers including one very recently…These kinds of criticisms, these ad hominem criticisms are fine, but what people again don't seem to be attacking are the facts. The property developer stocks that we're short have been declining. This has been a good place to be short for the last 18 months. I guess we can rest on that."