https://carnegieendowment.org/chinafinancialmarkets/86397 https://carnegieendowment.org/chinafinancialmarkets/86397 presents a reasonable argument for why you c

https://carnegieendowment.org/chinafinancialmarkets/86397 https://carnegieendowment.org/chinafinancialmarkets/86397 presents a reasonable argument for why you can't just compare debt-to-GDP between very different systems and expect it to make sense. (The US in particular is, of course, in many ways an outlier.)