In my opinion, china GDP is under-valuated (despite government growth figure cooking). So, I guess that debt will not be a problem. What could be a problem is p

In my opinion, china GDP is under-valuated (despite government growth figure cooking). So, I guess that debt will not be a problem. What could be a problem is private debt, driving to fusion of similar companies, and public bail-out of banks in case of Chinese housing bubble popping in major cities. Pretty much what happened in Japan (1989, [1], [2]), EE.UU. (2007, [3], [4]), and some places of Europe (2007-2009 [5], [6]). [1] https://en.wikipedia.org/wiki/Japanese_asset_price_bubble https://en.wikipedia.org/wiki/Japanese_asset_price_bubble [2] https://en.wikipedia.org/wiki/Lost_Decade_(Japan) https://en.wikipedia.org/wiki/Lost_Decade_(Japan) [3] https://en.wikipedia.org/wiki/Subprime_mortgage_crisis https://en.wikipedia.org/wiki/Subprime_mortgage_crisis [4] https://en.wikipedia.org/wiki/United_States_housing_bubble https://en.wikipedia.org/wiki/United_States_housing_bubble [5] https://en.wikipedia.org/wiki/Spanish_property_bubble https://en.wikipedia.org/wiki/Spanish_property_bubble [6] https://en.wikipedia.org/wiki/Irish_property_bubble https://en.wikipedia.org/wiki/Irish_property_bubble