Quartz notes it’s pretty bloody impressive. It also seems to be the result of a kind of weird round robin in shadow banking to keep propping them up – shades of Japanese Zombification.
China’s a big economic driver. We will feel this when it implodes – though my theory is the Chinese government is going to try to kick them into new industries (possibly green power) to try and keep things going.
So keep an eye on this. What do you thinks up with China’s economy, and how far will the impact go if it slows down?
Steven Savage is a Geek 2.0 writer, speaker, blogger, and job coach. He blogs on careers at http://www.musehack.com/, publishes books on career and culture at http://www.informotron.com/, and does a site of creative tools at http://www.seventhsanctum.com/. He can be reached at https://www.stevensavage.com/.