James Chanos quote

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In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy.
James Chanos
James Chanos
Born: 1957

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Remember, Loan, Party, State, Local, Tells, New, Arms, Instruments, Policy, Because, Official, Stadium, Banks, China, Regional, Them, Need

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