"Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent."

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Source : "Jim Chanos' One Big China Regret" by Joe Weisenthal, www.businessinsider.com. May 24, 2011.

James Chanos

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