Zombie borrowers haunt China’s shadow banks

Call it the new China Syndrome: Although Asia’s biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds.

via Business feed http://www.scmp.com/business/banking-finance/article/1298788/zombie-borrowers-haunt-chinas-shadow-banks