According to Andy Kroll
Is China, soon to surpass Japan as the world’s second-largest economy, a massive, dangerous bubble? According to one man who’s witnessed financial calamity at close range, the answer is an unabashed Yes. “As I see it, it is the greatest bubble in history with the most massive misallocation of wealth,” said James Rickards … “Chinese central bank’s balance sheet resembles that of a hedge fund buying dollars and short-selling the yuan.”
Is there a sound investment vehicle for betting against the Chinese economy, especially the Chinese real estate market?
See also “How to profit safely from economic bubbles“.