Death Spiral,a situation that keeps getting worse and that is likely to end badly, with great harm or damage being caused. Is China’s economy in a death spiral?

Death Spiral,a situation that keeps getting worse and that is likely to end badly, with great harm or damage being caused. Is China’s economy in a death spiral?
中国企业债务不断违约,中国地方政府赤字结构性恶化,…