Market Overview

Hank Greenberg on Bloomberg TV Comments on China

On Bloomberg TV, Hank Greenberg commented on China. He stated that there was a lot going on in China, and thought that it would continue to cut the emphasis on state-owned business.

Greenberg had a small investment in Sino-Forest (OTC: SNOFF), a company which recently filed for bankruptcy after being exposed by short seller Muddy Waters. Greenberg would not say if he felt that the situation with Sino-Forest was indicative of the larger Chinese space, but was surprised by the situation.

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