peteai, that may be the case but losses in the general banking area and the shadow banks are colossal. Remember that this is a regime bent only on it's own survival.
The government cannot hide the drag on debt has on economic performance. Also again I reiterate that there are many government run enterprises that run only to employ. They make a subsidised loss. Their performance is added into GDP figures.
China is slowing and it's manufacturing base is exposed as a government tool that, with debt, will pull China's growth to sub 5% within a short time.
Reality will catch up. You cannot defy basic economic principals via decree.
