The tracks of arrears"China has similar debt levels to America, despite being only 20% as
rich as it per person. Portugal has similar leverage to Sweden, which is
almost twice as wealthy as it. Troubled Greece’s debt-to-GDP is on a
par with that of prosperous Norway’s. Countries with disproportionately
high debts are more prone to crises. But working out how to shrink-debt
to GDP without causing a slump is tough—as China is discovering".