According to a government think tank, China's debt risks are under control and the possibility of a debt crisis is "small”.

The Chinese Academy of Social Sciences says that's in part thanks to the country's high savings rate and ample assets and capital. 

It also says China's debt problem is mostly internal, a different situation to countries with low savings. CASS also says steps are needed to tackle exceptionally high corporate liabilities, while a cross-agency taskforce is needed to deal with China's debt issues.