The Truth About Jim Chanos’ China Short: Has It Really Made Money?

Jim Chanos

Jim Chanos was on CNBC yesterday, talking up his short of Chinese property developers. He says he’s already made money on his positions.

Chanos started speaking out about his doubts on China in late 2008. At that time, he started shorting western companies that were selling infrastructure related products to China. He says he started shorting domestic Chinese companies a year later, in late 2009.

Many Chinese property developers experienced a sharp decline in the value of their shares around May 2010. Their share prices have largely remained depressed since then.

We’ve highlighted 15 Chinese property developers, but it’s unknown if Chanos is short any of these firms.

[slideshow]
[slide
permalink=”china-merchant-property-developer-shares-fell-sharply-in-april-2010-but-have-rebounded-somewhat-since-1″
title=”China Merchant Property Developer shares fell sharply in April 2010, but have rebounded somewhat since”
content=”It’s up 22.56% since May of 2010, but down 2.52% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e314bd7c8ed71010000″
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[slide
permalink=”china-overseas-land-and-investment-shares-have-fluctuated-wildly-over-the-past-two-years-2″
title=”China Overseas Land and Investment shares have fluctuated wildly over the past two years”
content=”Shares are up 8.83% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e3249e2ae67250e0000″
caption=””
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]
[slide
permalink=”china-resources-land-limited-shares-are-down-sharply-from-their-late-2009-highs-3″
title=”China Resources Land Limited shares are down sharply from their late 2009 highs”
content=”But it’s up 0.57% since May 2010.”
image=”http://static.businessinsider.com/image/4dd50e3349e2aed1250d0000″
caption=””
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]
[slide
permalink=”cinda-real-estate-shares-are-down-big-since-the-end-of-2009-4″
title=”Cinda Real Estate shares are down big since the end of 2009″
content=”Shares are down 35.45% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e3449e2ae672b000000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”gemdale-shares-dropped-big-in-may-of-2010-5″
title=”Gemdale shares dropped big in May of 2010″
content=”The company’s shares are down 9.93% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e3549e2ae5c2b040000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”poly-real-estate-group-shares-collapsed-in-may-2010-6″
title=”Poly Real Estate Group shares collapsed in May 2010″
content=”The company’s shares are down 41.57% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e37ccd1d51862030000″
caption=””
credit=””
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]
[slide
permalink=”guangzhou-rf-properties-shares-have-gradually-moved-lower-since-may-2009-7″
title=”Guangzhou R&F Properties shares have gradually moved lower since May 2009″
content=”Shares are down 29.08% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e39cadcbb2551160000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”risesun-real-estate-shares-collapsed-in-mid-2010-8″
title=”Risesun Real Estate shares collapsed in mid-2010″
content=”But they’ve reboundd, and are up 46.9% since May 2010.”
image=”http://static.businessinsider.com/image/4dd50e3a4bd7c81b6e190000″
caption=””
credit=””
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]
[slide
permalink=”shenyang-ingenious-development-shares-are-down-sharply-since-the-end-of-2009-9″
title=”ShenYang Ingenious Development shares are down sharply since the end of 2009″
content=”Shares are down 11.43% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e3b49e2ae2424140000″
caption=””
credit=””
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]
[slide
permalink=”shenzen-catic-real-estate-shares-sold-off-at-the-end-end-of-2009-and-into-2010-10″
title=”Shenzen Catic Real Estate shares sold off at the end end of 2009 and into 2010″
content=”But it’s up 28% since May of 2010.”
image=”http://static.businessinsider.com/image/4dd50e3d4bd7c8f871030000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”shimao-property-holdings-shares-are-down-from-their-late-2009-peak-11″
title=”Shimao Property Holdings shares are down from their late 2009 peak”
content=”And they’re down 4.89% since May 2010.”
image=”http://static.businessinsider.com/image/4dd50e3eccd1d514621a0000″
caption=””
credit=””
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]
[slide
permalink=”sino-land-company-shares-appear-to-have-hit-their-top-in-late-2010-12″
title=”Sino Land Company shares appear to have hit their top in late 2010″
content=”But shares are up 24.86% since May 2009.”
image=”http://static.businessinsider.com/image/4dd50e42cadcbb1953230000″
caption=””
credit=””
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]
[slide
permalink=”tianjin-guangyu-development-shares-slid-before-may-2010-13″
title=”Tianjin Guangyu Development shares slid before May 2010″
content=”Shares have erased most of their gains since their 2009 rise.”
image=”http://static.businessinsider.com/image/4dd50e4349e2aecb24160000″
caption=””
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]
[slide
permalink=”china-vanke-shares-are-down-sharply-since-the-summer-of-2009-14″
title=”China Vanke shares are down sharply since the summer of 2009″
content=”But they are up 13.77% since May 2010.”
image=”http://static.businessinsider.com/image/4dd50e4549e2ae5d2b080000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”wolong-real-estate-shares-sank-in-early-2010-15″
title=”Wolong Real Estate shares sank in early 2010″
content=”And they are down 8.55% since May 2010.”
image=”http://static.businessinsider.com/image/4dd50e464bd7c8266e170000″
caption=””
credit=””
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]
[slide
permalink=”jim-chanos-isnt-the-only-one-whos-been-talking-about-the-china-bubble-for-some-time-16″
title=”Jim Chanos isn’t the only one who’s been talking about the China bubble for some time”
content=”Why Shanghai real estate is the most obvious property bubble ever >
image=”http://static.businessinsider.com/image/4c4d870f7f8b9a7571170300″
caption=””
credit=””
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]
[/slideshow]