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China has a smaller GDP, if you want to talk about PPP yuan then you need to talk about PPP debt, otherwise it isn't meaningful.

As for your wonky definition of national debt: https://en.wikipedia.org/wiki/National_debt_of_the_United_St...

Maybe you are using a different chinese definition? If so, we are comparing apples and oranges. By the English definition of national debt, China should be pretty good since most debt in China is offloaded to localities or SOEs, or are hidden off books in some weird local lending scheme far away from Beijing.

A debt crisis will be triggered by lack of confidence, and in that regard China's debt crisis is far worse than that of the US.

You can't pay your debt with PPP, though. You have to pay it with real money.