And to keep things in perspective, this is China's debt (from Microsoft Bing):
'China’s National Institution for Finance and Development, a government-linked think tank, put the nation’s overall debt at 270.1 per cent at the end of 2020, from 246.5 per cent of GDP at the end of 2019. China’s consumer debt is among the fastest growing segment of overall debt, particularly in the form of mortgage and consumer loans.'
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