China just can’t seem to catch a break these days. For the country’s perennial naysayers, the issues facing the world’s second-largest economy are coming home to roost: slowing growth as China shifts from an export-dependent economy to a consumer-driven one, a boom in shadow banking prompting fears of a credit bubble, an overheating housing market and a flabby underbelly of inefficient state-owned companies that survive only thanks to cheap finance.
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