The hedge fund manager, who over the past 18 months has obsessed with China's financial system, and specifically the precarious state of its banks, betting on a collapse in the Chinese Yuan on expectations of ongoing capital outflows and/or a financial crisis, referenced a South China Morning Post article discussing the strict lockdowns implemented by Beijing on capital flight, saying "The Chinese have made it next to impossible for multi-national corporations to remove money from China. Many have been unable to since NOV."

In his most recent interview with Bloomberg's Erik Shatzker, Bass said that China has "recklessly built a system that's going to need to restructure and that just so happens to be metastasizing right when Trump becomes elected. This is a fire that's been smoldering and it's now starting to burn, and Trump is just more gasoline."