American investor, warned that China’s real-estate excesses had placed it on a 'treadmill to hell' and that the bubble might burst at any point. But the bubble did not burst in 2010. It did not burst in 2011, nor has it burst in the decade since — unless, that is, it’s starting to do so this week." Later prediction on Chinese real estate crash After speaking out about Chinese real estate in 2009 and 2010, the biggest bet made by Chanos was "against the Chinese economy" according to DealBook of the New York Times in 2014. Later in the 2010s Chanos reduced his bet. In an interview during a forum event hosted by Schechter Wealth in December 2017, he said "in the past few years...we've reduced our China short and our global fund to the lowest its been". Chanos stated renewed bearishness for Chinese real estate and the Chinese economy in a 2021 interview. Chanos again predicted an impending real estate crash in China. There would be "no historical analog" according to Chanos. "Maybe Tokyo in ’89? But this is worse than that. It’s worse than Spain in ’06 or Ireland in ’06." Caterpillar At the CNBC Institutional Investor Delivering Alpha Conference in 2013, Chanos revealed his firm was short on Caterpillar Inc. Chanos explained that Caterpillar had enjoyed a "once in a generation, if not once in a lifetime" boom in infrastructure investment because of China's buildout, which was coming to an end. In 2016, Chanos maintained on CNBC his firm was still betting against Caterpillar. Chanos stated the "collapse has not happened" because the Chinese debt and real estate bubble had not yet popped. Luckin Coffee Chanos took and closed a short position on Luckin Coffee Inc. in 2020 on the advice of fellow short-seller Carson Block of Muddy Waters Research. The stock dropped 70% in April 2020 after the company disclosed in a securities filing that its chief operating officer had fabricated about 2.2 billion yuan ($310 million) of reported 2019 sales. Chanos remarked on CNBC, “How many times do investors have to be burned in these companies that are just too good to be true? Growing 40% to 50% a year, with all kinds of odd transactions with affiliates.” Wirecard AG Chanos took and closed a short position on Wirecard AG. Wirecard AG stock dropped about 96% in June 2020 after the company's auditor EY disclosed