Xiโs Superpower Ambitions Fuel a Dangerous Debt Spiral in China WSJ - World News By: Brian Spegele 12 October 2026 at 13:29 Chinese leader Xi Jinping is presiding over a dangerous spiral of debt that is strangling the economy at home and damaging trade partners around the world. ยฉ Pedro Pardo/Agence France-Presse/Getty Images