(Bloomberg) Forget about the “precarious” state of China’s banking system seen by hedge fund manager Kyle Bass. And the George Soros notion that China resembles the U.S. before its 2008 subprime crisis. Long-time China bear Jim Walker says the biggest risk now is being too pessimistic.
“The wheels don’t seem to be coming off,” says Walker, founder and chief economist of research firm Asianomics Ltd. in Hong Kong, who was voted the best regional economist in an Asiamoney magazine brokers’ poll for 11 years through 2004 when chief economist at CLSA Asia-Pacific Markets. “I was more worried about China four years ago than I am today.”