China is one of the world's major creditor nations; the world owes money to China mainly because the whole world decided to buy their goods from China after deciding to have China manufacture almost everything.
In the end people will die, one way or another, because of bad governance by inept governments. The USA has Donald's ineptitude. China has a new dictator. Russia has Vladimir Putin who is in effect a dictator. Israel as a corrupt prime minister. The UK has confusion and political chaos because of their exit from the EU. France has riots. Germany has resurgent neo-Nazi movements. Italy has confusion and corruption. The truth is that many of the worlds major economies are near breaking point because of bad governance.
What makes it so egregious is that the population keeps electing bad governments because the bad governments offer tax cuts and fake economic miracles.
In the end it all has to be paid for.
The environment will deteriorate, refugees will multiply, nationalism may rise and that is likely to lead to wars.
Maybe one big war.
It is something I pray will not come yet it appears that the voting public is voting to make it come.