That group has been steadily declining since 2007, according to Jun Ma, Deutsche Bank's chief economist for Greater China.

WSJ: China's Rising Wages Propel Prices

"We believe that the government will react to this weaker-than-expected GDP growth rate by introducing more policy measures to boost lending, speed up project starts, encourage consumption, and support property sales, " Jun Ma, Deutsche Bank greater China chief economist said.

WSJ: Asia Markets Finish Higher

After all, even after the relief provided by the first batch, the banks' bad-loan ratio still stands at 22%, according to Guonan Ma and Ben Fung in a recent paper for the Bank for International Settlements.

ECONOMIST: Casino capital