Diana Choyleva of Enodo Economics predicts that China's debt ratio will soon surpass that of Japan at the peak of its crisis.[61] Choyleva argues "For evidence that Beijing realizes it is drowning in debt and needs a lifebuoy, look no further than the government's own actions. It is finally injecting a degree of pricing discipline into the corporate bond market and it is actively encouraging foreign investors to help finance the reduction of a huge pile of bad debt."[61]