Basic Architecture of Chinese Economy Is Broken, Hedge Fund Manager Bass Says

Kyle Bass warns that China’s real estate problems could result in a crash worse than the 2008 financial crisis that originated in the United States.

Kyle Bass speaks during an event at Hudson Institute in Washington, on July 12, 2023. Screenshot via The Epoch Times

The Chinese economy is in trouble due to its heavy investment in the real estate sector, which could result in a crash worse than the 2008 U.S. financial crisis, a prominent hedge fund manager says.

Kyle Bass, the founder and chief investment officer of Hayman Capital Management, pointed out in an interview with CNBC on Feb. 5 that China’s economic “miracle” mainly relies on real estate to drive growth.