By Parkland Chair Professor of Strategy Seung Ho Park, co-authored with Shaomin Li

As China’s economy slows down, many firms cannot service their debt obligations. This isn't abnormal, but what is unusual is that, faced with debt issues, there has been an increasing number of CEOs and owners of borrowing companies who simply choose to disappear. The local media have coined a new term to describe these vanishing acts: paolu (running on the road).
These bosses on the run, or the increasing insolvency of the informal financing system in general, have prompted the fear that China’s corporate debt problem is serious enough to trigger something similar to the 2008 financial crisis that started in the U.S. and eventually engulfed the world’s financial market. However, there are some important differences. Read more on Forbes.com.