Anybody holding an investment in China should withdraw it or face the risk of losing the money altogether, warned hedge funder Kyle Bass.
Not only is the Chinese economy in a precarious position, but if its increasingly aggressive stance toward Taiwan spills into a military conflict, the country could quickly become dislocated from dollar-denominated financial markets and all foreign investment could be instantly lost, said Bass, founder and Chief Investment Officer of Hayman Capital Management.
Implosion of Real Estate Market
The most immediate problem is the looming implosion of China’s real estate market, he said during a recent Wealthion interview….