China's Cities debt problems

Original title A Chinese economist describes the China debt problem and predicts a financial crisis.

Are China’s banks in trouble because of bad debts? From angry bank depositors to home buyers refusing to make mortgage payments, the recent social unrests related to Chinese banks are enough to convince us that the country’s debt bomb is ready to explode. When I mention the China debt crisis, people remind me that the United States also has a debt problem. But China's debt problems are unique to its communist economic model. Why does China have so much debt? Let’s hear a Chinese economist describe how we got here.