Effect of China's economic slowdown

There's a magic formula to becoming a millionaire in China - borrow big to earn big.  

For years, individuals, state-owned companies and municipalities have taken massive loans to chase the Chinese dream.

Now it's payback time, but a severe economic slowdown means many are struggling to pay their debts.

Entire neighborhoods have become "ghost towns", industrial companies sit idle and the unemployed are growing desperate.

Government economists claim China has enough in its coffers to cover the bad loans, but defaulting on it could send the world's economy into a tailspin.

101 East asks, is this the end of China Inc?

If this is true, then this is shocking and so sad.

If China is having this big financial trouble, then how can it be able to help the Philippines financially when it has its own enormous economic problem to solve first?

Dili ba balikwaot nga ang Pilipinas makig-negotiate o makig-sabotsabot sa China mahitungod sa mga butang nga may kalabotan sa pinansyal nga mga suporta sa China alang sa Pilipinas nga samtang ang ilang ekonomiya mismo anaa man diay taliwala sa labihan ka dakong suliran nga pinansyal? Di ba kaha ang China mao hinuo'y nanginahanglan sa atong tabang -- tingale laing matang sa tabang nga dili pinansyal apan makatabang sa ilang ekonomiya?