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Debt-ridden China: State debts surpass GDP of middle-power nations

China is analyzed to be rushing toward a debt superpower, even mass-producing super debtors with debt enough to surpass the GDP (Gross Domestic Product) of most middle-power nations. If things go wrong, the possibility of facing an unprecedented catastrophe due to this does not seem entirely absent.  ccording to the report on the 29th by Beijing sources well-versed in the Chinese-speaking world economy, it is not greatly wrong to say that China looks down upon the United States or Japan when it comes to debt. [...]