Blithely rolling over unpayable debts is not the hallmark of a healthy banking system. China has not got to grips with its last lending splurge, let alone this one.

• 轻率地将无力偿还的债务展期，并非健康银行体系的标志。中国连上一次大举放贷遗留的问题都没有解决，更别提今年的大举放贷了。