China's looming debt crisis is no cause for alarm, says PBOC expert

``Joe Zhang says while some analysts cite China's credit-to-GDP ratio as the main reason for an impending disaster, a number of economies with high ratios have defied the doomsday forecasts for decades.'' -- SCMP is heavily PRC-biased (if not controlled); but here's the "opposing view" of China-debt-doomsaying, for what it's worth...