IIF report says that China's debt-to-GDP ratio has crossed 300%. China's addiction to debt reaches new highs. Beijing is staring at a debt crisis. An IIF report pegs China's debt-to-GDP ration above 300%. The state-run firms are struggling under high corporate debt. The banks could face an NPA crisis. But still, Xi Jinping is encouraging more lending. Palki takes a look at China's soaring debt problem.