argue in the style of 'substitute, brothers!".
Fan Gang, a former People’s Bank of China adviser, talked yesterday with Bloomberg’s Susan Li in Hong Kong about China’s measures to cool property prices and the nation’s currency policy. Fan said James Chanos is overly pessimistic about China’s property market because the hedge fund manager underestimates government efforts to avoid a bubble. Chanos said earlier this month that China is on a "treadmill to hell" because it’s hooked on property development for driving growth.
Argumentation: your idea, our dear James Chanos, presupposes, that the chinese are stupid, but it's not. The government is doing something. Bubble, it's also a social moment.
And no one doubted, what are not stupid, and what do they understand (I probably underestimate the degree of bureaucracy, etc.).
The trick is, that a bubble can and can be dropped without serious consequences for the entire exystem, but some sectors will suffer very badly. By the way, this is the rate of Chanos.