The leverage simply lies in China's credit growth.

杠杆就隐藏在中国信贷增长的背后。

youdao

Now credit growth is sluggish and defaultsare set to rise.

而现在，信贷增长缓慢，而违约率则有抬头之势。

youdao

That has been interpreted to mean credit growth of perhaps only 14% in 2011.

这被解读为2011年信贷增长限额将压低至14%。

youdao

But economist Jack Strauss says credit conditions threaten the main engine of job growth since two thousand one small businesses.

VOA: special.2009.11.06

Together, we have taken steps to stimulate growth, restore the flow of credit,open markets, and dramatically reform our financial regulatory system to prevent such crises from occurring again - steps that will lead to job creation at home,".

VOA: standard.2009.04.11

But hopes for a strong private-sector recovery are undermined by the data on credit growth.

ECONOMIST: Buttonwood

Gone are the days of wild consumer and credit growth of the 21st century.

FORBES: Are Business Degrees Recession-proof?

"There is a consensus that China needs to slow its credit growth, " Mr. Singh said.

WSJ: IMF's Asia Chief Anoop Singh Says China Slowdown Fears Overblown