China's recent real estate transactions present long-term downturns, and housing prices continue to drop.

Des:  The latest outlook from the Organization for Economic Co-operation and Development.

Mr Chanos goes on to talk about commodity markets and their reliance on China. He admits he doesn't forecast currency markets or current account flows. This is the only worrying thing about his otherwise flawless investment strategy. China's..

China  real estate

A United Nations report recently named Hong Kong the fourth most attractive investment destination in the world last year. The city raked in more than US$48 billion in 2009 - much of that due to mainland Chinese buying up high end property...

David Harvey: Chinese urbanization, construction and real estate speculation is saving global capitalism - will it burst as in the US?

Past government policies aimed at stimulating property development have worked, as investor activity has driven prices up sharply since March.