Chinese Companies Are Defaulting On Their Debt — Experts Fear A Worldwide Crisis Is At Hand

According to Business Insider, the sheer scope of debt levels in China are leading to fears that the country could be teetering on the edge of a crisis.
A "startling" number of Chinese companies are relying on new borrowing to cover the interest on existing loans, according to Pantheon Macroeconomics.
Rising US interest rates will put pressure on how much easing policy Chinese regulators can implement.