The real story of China is far, far scarier because China is a power in a state of inevitable collapse. The only question is when and how much damage they'll do before the Chinese regime implodes. That's because China has at least 5 serious problems. They include lack of innovation thanks to its state controlled mercantilist schemes. Their debt-to-GDP ratio is 159%, which is 60% higher than the global rate according to S&P ratings.