China’s mounting debt won’t lead to a crisis,but corporate debt needs addressingRising debt levels are prompting concerns over a possible debt crisis, with some believing it will pose risks to the global economy. How serious is China’s debt issue?By the end of 2015,China’s total debt had amounted to 168.48 trillion yuan($25.3 trillion).The debt-to-GDP ratio had reached 249 percent,Li Yang,an acade- China’s mounting debt will not lead to a crisis, but corporate debt needs addressing Rising debt levels are prompting concerns over a possible debt crisis, with some believing it will pose risks to the global economy. How serious is China’s debt issue? By the end of 2015, China’s total debt had amounted to 168.48 trillion yuan ($ 25.3 trillion). The debt-to-GDP ratio reached reached 249 percent, Li Yang, an acade-