In the dark winter of late 2015, Beijing’s reputation for economic management was in tatters thanks to a colossal stock market crash, currency devaluation, and predictions of financial Armageddon. Two years later, its reputation looks to have been restored: Chinese markets and the economy have rebounded, and most impressively, the nation’s enormous corporate debt has fallen as a percentage of gross domestic product for the first time since 2011.

Source: Wall Street Journal December 31, 2017 15:00 UTC