In China, I have argued many times, high growth is no longer compatible with a strengthening balance sheet. If China is growing at a rate that approaches or exceeds five or six percent, it is probably a safe bet that debt is rising faster than debt servicing capacity. The good news is that the current leadership seems very [...] View the full post at: China: Recognizing the Need for Economic Adjustment Related posts: China’s GDP Accelerates at Fastest Pace in 13 Years Can Parochial Concerns Undermine the Global Adjustment? China May Raise The Ceiling On Foreign Investment