This Is Why Kyle Bass Is Wrong on China Collapse, Says CICC
- CICC questions parallels between Japan in 1990 and China now
- Economists' note follows earlier report from CICC bank analyst
Kyle Bass.
Photographer: Jonathan Fickies/BloombergThis article is for subscribers only.
China International Capital Corp. has stepped up its beef with Kyle Bass.
The Chinese investment bank’s economists published an 11-page rebuttal of hedge-fund manager Bass’s assessment earlier this month where he stated that the nation’s banking system may see losses of more than four times those suffered by U.S. lenders during the 2008 credit crisis.