CNN finds zombies in Chinese finance

CNN applies the zombie meme to China.  Specifically, it's a question of undead financing.

Economists surveyed by CNNMoney often cite concerns over runaway credit growth, but many now single out corporate debt as a major threat to China's economy.

"The risk is that the high debt burden will eventually result in unproductive zombie banks and zombie firms, which are a drag on the economy," said Julian Evans-Pritchard of Capital Economics.

(thanks to Todd Bryant)