China is heading toward a debt crisis that will throw into question everything we think we know about it's economy

The country's total non-financial sector debt, which includes household, corporate and government debt, will surge to nearly 300% of GDP by 2022, up from 242% in 2016.By some estimates, China’s true growth rate after taking the bad debt into account could be just half the official 6.9%.China’s worrisome build-up of corporate and household debt is well-documented, but fears of a financial crisis have receded sharply from the turbulent days of 2015 and 2016, when the country’s st