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KYLE BASS: China Isn't Just Slowing Down — It's Contracting

• Business Insider
In a recent talk, Bass reiterated his doubts about Japan’s chances of averting a debt crisis. What’s more, he also said China’s economy will fall below expectations.

Bass changed one aspect of his outlook on Japan. Instead of predicting a collapse of the Japanese bond market, he focused on a severe weakening of the yen – without predicting when that might happen.


His predictions for China were equally distressing. He said that its banks will be saddled with non-performing loans and that its economy is actually contracting.


 

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