China’s Big Banks ‘Built On Quicksand’

Bloomberg View:

After spending time combing through the financial reports of China’s biggest publicly traded, state- owned banks, I now understand what Jim Chanos, the famous short- seller, means when he keeps saying they are “built on quicksand.” He’s definitely on to something.

Read the whole story at Bloomberg View

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Article source: http://www.huffingtonpost.com/2012/05/11/chinas-big-banks-built-on_n_1508847.html