China debt tops 250% of national income : FT

An article in the the Financial Times on a report from Standard Chartered that:

• total debt-to-gross domestic product ratio reached 251% at the end of June,
   up from just 147 per cent at the end of 2008,
   according to a new estimate from Standard Chartered bank

• Such a rapid build-up is far more of a concern than the absolute level of debt,
   since increases of that magnitude in such a short period have almost always
   been followed by financial turmoil in other economies.
[Morning Fog] 2014.7.22