Jim Chanos on China: The Worst is NOT Over (video)

Jim Chanos: China's credit event yet to come: (source: CNBC.com): Longtime China bear Jim Chanos said Wednesday (Sept 9, 2015), China is running out of room to borrow, which (at some point) will lead to a "credit event." The good news is that the US is one of the "least affected" nations by events in China.

SHCOMP Quote - Shanghai Stock Exchange Composite Index - Bloomberg Markets:
SHCOMP:IND   3,197.893 Down -45.196  -1.39% (September 10, 2015)

But beware, Chanos says the Shanghai Composite is not a good barometer of what is going on inside China: The thin and leveraged stock market in China is not a barometer of the health of the world's second-largest economy because it's subjected to intervention by the government, Chanos said. The Chinese economic model of "state directed capitalism" is broken.China growth has been going down 2 percent a year and that's expected to continue, Chanos asserted. Watch CNBC video below:

See: CNBC Excerpts: Jim Chanos, Kynikos Associates President, on CNBC’s “Squawk Box” 

Finally, Chanos is negative on HP, Tesla, Solar City, Caterpillar, "tech hardware" and questions Amazon going forward:

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