Expert: Communist China Still a Bad Investment

Bloomberg reports China wants its banks to cut back on lending. It’s a different narrative than in the United States, where the printing presses are at full tilt—stimulus packages, central bank support—and it looks like it’ll continue. All else equal, investors don’t want to put their money into a currency that’s being debated. But will that be enough to encourage people to invest in China instead? NTD asked Kyle Bass, the Chief Investment Officer at Hayman Capital Management. He famously called the subprime crisis in 2008 and closely follows developments in China.