If we deduct the growth of debt on the growth of GDP, we get an estimate on the 'organic' growth rate for Chinese #economy.
Which has been negative since 2011 (till 2017). 2/
The Eurozone has been flirting with #recession since November. December industrial production figures were just horrible.
A massive fall in Chinese demand in January, February and (likely) in March will push Eurozone into a recession. 7/