Jim Chanos made a name for himself when he bet against Enron when no one else would.
These days, he has focused his efforts on shorting China.
China just wrapped up its 3rd Plenum and announced reforms including loosening its one-child policy and abolishing the re-education through labor camps.
With this in mind, we look back on some of the sharp insights Chanos has had about China. We also reflect on some of his many other brilliant quotes during his career as a short-seller.
"When the leaders are all billionaires we must say that the Marxist-Leninist ideology has maybe been watered down a bit, sometimes with pigs in it."
Speaking on concerns of social cohesion in China, Chanos said the Communist Party isn't running on ideology anymore.
Source: Wine Country Conference
"'Mr. Chanos has never been to mainland China.' Well hell, I didn't work at Enron either."
Chanos' response to continued criticism that he has bearish views on China without ever having visited the country. He had famously shorted Enron before its collapse.
Source: Business Insider
"It's the accounting tail wagging the economic dog."
Chanos thinks has a "credit growth problem, not an economic growth problem." He attributes this to the nation's quest to meet its GDP forecasts.
Source: CNBC
See the rest of the story at Business Insider