Zombie allusions: They just keep on coming-"threaten[ing] to throw the economy into a painful lost decade"

http://www.businessinsider.com/bofa-china-zombie-companies-hitting-chinese-economy-2012-8

China Is Mass Producing 'Zombie Companies' And They're Eating Away At The Economy [CHARTS]

Matthew Boesler

"In a report, BofA analyst Winnie Wu writes that "mismatching NPL pictures from top down and bottom up" are concealing a major risk to the Chinese economy – the proliferation of "zombie companies" being propped up by the China's banking system. 

At a time when investors are worried about a hard-landing, these zombie companies are holding the country back from real economic growth and threaten to throw the economy into a painful lost decade reminiscent of Japan's experience."

Read more: http://www.businessinsider.com/bofa-china-zombie-companies-hitting-chinese-economy-2012-8#ixzz24Ee70b14