Below is an interesting article about China's corporate debt levels. US$16T!
It is therefore important that any investment into Chinese companies should be based on companies with track record of growth, have zero debt or minimal debt (Debt to Equity ratio of less than 1.0)
http://www.cnbc.com/2015/07/18/manage-meddle-or-magnify-chinas-corporate-debt-threat.html
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