10 signs of economic trouble that China's official data won't tell

``One company in Zhejiang of China gone bust.  It wasn't a big deal, until it is.  It turns out that a lot of small and medium sized companies rely on "credit guarantors" to obtain bank credits.  While normally you would think that such guarantors are some independent third party performing such service, it turns out that these companies in Zhejiang simply guarantee each other.  So when one company went bust, banks pulled loans from every company that are guaranteed by the company that has gone.  As the chain of guarantees continue to be exposed, it turns out that more than 600 companies are in it, and banks are trying to pull loans from all of these companies.''