40% Of GDP Per Year: The True Growth Rate Of China's Debt

``... some time around 2019, China's total Debt/GDP will be over 400%, an absolutely ridiculous number, and one which assured a banking, if not global, financial crisis. The only saving grace is that for the time being, the PBOC and Beijing have managed to sweep away China's unfixable problems under the rug, with a series of amazing distractions and the effectively nationalization of the stock, bond and FX markets. Alas, this is also the basis for "recovery" in all other developed nations, which means that as of this moment, it is a race between the world's central banks not who can devalue the fastest, but who can avoid losoing credibility first, and watch as these Keynesian mountains of debt, never before seen in the history of manking,  come crashing down as JM Keynes "long run" finally catches up with everyone.''