As we can see on the first graph, every time the GLI line crosses the Global Industrial production, immediately the Global Economy starts a descending path, it is very important to avoid peaks like after the crisis, so we can keep a stable panorama. Going down for a bit, its not bad if we have everything prepared to bounce back up.
China debt is no surprise for anyone, the problem is that everybody is ignoring the sleeping giant hoping that he never awakes. In my opinion we should be trying to prepare ours economies for that eventuality.