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Kyle Bass on 'circus clown' Trump, China's banking system and coming stagflation

Hedge fund manager Kyle Bass shared his market views in an exclusive interview with CNBC's Andrew Ross Sorkin on Wednesday.

On China's banking system: "It's already reached a point where it's going to have a problem with losses. ... They have to recapitalize their banking system," he said.

On the U.S. economy: "2017 is going to be a year of increasing inflation and economic growth lagging. We're moving into a stagflationary environment in my view," Bass said.

On the election: "In the end Trump's a circus clown and Hillary is the only thing we've got. I think you have to vote for Hillary," he said.

Bass is founder and managing partner of Hayman Capital Management. He is known for profiting and betting against subprime mortgages during the financial crisis in 2008.

To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.