36% 30% 25% 203E 15% 10% 5% 0% EOM DM Shock, Mot Counties, RHSI Poptthzm index 1% vole share, LHSI § § 1, § re, Of '§ 'Fili §§§ § § § R ie San Annen• Bank &Mors Cakuleekat 100% 90% E 70% 00% 50% 40% 30% 20% 10% 0% • We see China's credit growth post GFC as also an area of great concern. As an example, in a