Total corporate debt in China currently sits at $18 trillion; more than 160% of GDP. That simple fact undermines the argument; there is no conspiracy here about

Total corporate debt in China currently sits at $18 trillion; more than 160% of GDP. That simple fact undermines the argument; there is no conspiracy here about trying to dominate external markets through acquisition; it's just basic economics playing out on a scale (and velocity) we've never seen before. China is full of zombie construction companies that are worthless investments; Large businesses in China are trying to diversify as fast as possible (often to a laughable extent) and this is mostly fueled by debt. All this will come to a head in 2017-18.