The article written by Nouriel Roubini below assumes the economy slows down due to bad investment strategies and nonperforming loans. It assumes other things like income disparity and other ridiculous myths.
http://english.aljazeera.net/indepth/opinion/2011/04/2011415133455105416.html
China is the world's largest economy. And it has little to do with investment strategies and the performance of its loans. It has to do with money supply. On a very paper or digital level, a world seen from spreadsheets and databases, the economy is simply a set of numbers. It doesnt really matter if loans are profitable to banks, or whether or not people are even paying back their loans. What matters is whether or not liquidity continues to enter the money supply. As more money is poured into the previous pool of money, that pool gets bigger and the economy appears larger.
Chinese national banks could continue to write off loans whether they are good or bad. So long as the People's Bank of China continues to distribute more of it, there will be more money to make. The single most powerful force in China's economic growth is this single Central Bank. A single 35 trillion RMB injection into the Chinese economy would almost double the Chinese GDP over night. It has little to do with goods or services, exports or imports, or the performance of loans. It is simply an act of money creation.
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