Chinese Version of the Great Depression Syndrome?

... consumption, as the mismatch between its redundant productive capacity and the chronic excess of supply over demand. The growth of external debt, especially in the corporate and banking sectors, is another alarming trend amidst this apparent “crisis of overproduction.” Although, according to recent estimates, credit growth has slowed [16] , the level of borrowing in the Chinese economy remains significant. The level of outstanding bank debts in 2013 reached 135% of GDP as compared with ...