China’s ‘zombie’ companies are a big threat to the economy — and JPMorgan says their debt pile means the country could be slowing faster than anyone thought

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China’s economy is beset by huge public and corporate debt problems which threaten to derail the country’s growth story, according to JPMorgan. Economic growth in China has been steadily slowing and could get even lower meaning the world’s second largest economy won’t overtake the US any time soon.
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