Why Chinese Debt Is Less of a Problem Than Debt in Europe or Yankeedom

Some people think that the next financial crisis will be in China, rather than Europe or Yankeedom. But as Jack Rasmus points out, while China has more absolute debt than Europe, China is still growing and has the capacity to service their debts quickly. Europe and the United States cannot do this because they are not growing economically and cannot respond as quickly as the Chinese state can to crisis.