China’s Debt-to-GDP is at 260%. Projected to rise to 327% by 2022. Even as the debt ratio is going up, economic growth is slowing.
Take a look at this Bloomberg video: https://www.bloomberg.com/news/videos/2017-12-06/china-s-debt-to-gdp-ratio-at-260-video
There is a much bigger chance for a debt crisis in CHINA than in the USA.