---
title: "1 State Policy Quotes By James Chanos"
description: "1 State Policy quotes by James Chanos. Plus more from James Chanos and more State Policy sayings from other authors."
image: "https://sms4smile.com/quotes/i/b2d/james-chanos-20532_arms_in-china-remember-the-the-banks-are-arms_2614457.png"
---

> [In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy.](https://sms4smile.com/quotes/james-chanos/in-china-remember-the-the-banks-are-arms-of-state-policy-they-loan/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

[Image](https://sms4smile.com/quotes/i/b2d/james-chanos-20532_arms_in-china-remember-the-the-banks-are-arms_2614457.png)

## More by James Chanos

> [Dubai was a property bubble. Plain and simple. Go to Dubai and see what happened. It was... what I call it the 'Edifice complex'…](https://sms4smile.com/quotes/james-chanos/dubai-was-a-property-bubble-plain-and-simple-go-to-dubai-and-see-what/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B,…](https://sms4smile.com/quotes/james-chanos/and-so-it-can-be-very-much-in-the-interest-of-bank-a-to-sell-short/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger.…](https://sms4smile.com/quotes/james-chanos/our-concerns-about-what-we-saw-in-australia-an-economy-clearly-tied/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like…](https://sms4smile.com/quotes/james-chanos/derivatives-in-and-of-themselves-are-not-evil-there-s-nothing-evil/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [So you know, everyone points out Greece's default record, but the history of a lot of sovereign nations is not a good one when…](https://sms4smile.com/quotes/james-chanos/so-you-know-everyone-points-out-greece-s-default-record-but-the/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [I've seen a lot more go to zero than infinity.](https://sms4smile.com/quotes/james-chanos/i-ve-seen-a-lot-more-go-to-zero-than-infinity/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [Chinais a world class if not the world class property bubble, primarily high-rise buildings, offices and condos.](https://sms4smile.com/quotes/james-chanos/chinais-a-world-class-if-not-the-world-class-property-bubble/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [There's almost 70 billion in square feet under construction in high rises in commercial, residential and light manufacturing. And we estimate about 30 billion…](https://sms4smile.com/quotes/james-chanos/there-s-almost-70-billion-in-square-feet-under-construction-in-high/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed…](https://sms4smile.com/quotes/james-chanos/what-people-don-t-realize-is-that-china-papered-over-its-last-two/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [The U.S. healthcare system is probably the most interesting large group of companies that are heading for major problems that we've seen in a…](https://sms4smile.com/quotes/james-chanos/the-u-s-healthcare-system-is-probably-the-most-interesting-large/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they…](https://sms4smile.com/quotes/james-chanos/i-call-it-the-rule-of-three-if-you-read-a-company-s-financial/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As…](https://sms4smile.com/quotes/james-chanos/healthcare-is-growing-now-at-about-10-per-cent-per-annum-in-the-u-s/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [It's very difficult in the technology space when you have been leapfrogged to prosper again.](https://sms4smile.com/quotes/james-chanos/it-s-very-difficult-in-the-technology-space-when-you-have-been/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls…](https://sms4smile.com/quotes/james-chanos/i-ve-learned-there-s-a-big-difference-between-a-long-focused-value/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

> [What American people and what the markets want is a fair and level playing-field, where the rules are clearly elucidated, where the referees are…](https://sms4smile.com/quotes/james-chanos/what-american-people-and-what-the-markets-want-is-a-fair-and-level/)

[James Chanos](https://sms4smile.com/quotes/author/james-chanos/)

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