Normally I don't wast time with fan boy write up like this, but it is Sunday, what they hack.
The entire article never spells out how much China's debt is. The only hard number that was given was the debt is at @150% of GDP. But, which debt?
In America, the government debt of 14 T but it does not include personal debt nor local government debt. Thus the base for his entire argument is false, how can one adds (which the real numbers were never provided) all the debt in China and claims it is worst them then the US Federal debt.
Back to the other point of his article, that because China is Communism, thus all debt must be government owe. Anyone with access to google can find out what percentage of Chinese companies are SOE. or, 60% of all Chinese exports are done vis foreign companies or JVs , not SOE.
I'd agree that the Chinese growth for the last few years has been based on heavy investment, but if it can provide jobs, hey, let them dig holes. Blaming China's "printing money" as the cause inflation elsewhere is silly at best.
Someone needs to go back to school and read Econ 101 again.The Central Bank of China prints 15 percent to 25 percent in new money supply every year, and that drives up commodities prices around the world. The U.S., being a commodities rich country, is relatively immune to that inflation. But in other countries, where people mainly consume commodities like corn and soy beans, prices have gone up tremendously. People in those countries suffer in part because of Chinese printing of money.