PDB Afternoon Bulletin | October 13th, 2026: Xi Jinping's Plan to Make China a Superpower Is Backfiring & Russia's European Sabotage

China's $43 trillion debt-fueled industrial buildup since 2012 is straining its economy even as it advances strategically against the US.

• Debt explosion: Outstanding credit across China's economy has grown by more than $43 trillion since Xi Jinping took power in 2012, exceeding the US's ~$32 trillion annual GDP.
• Export-dependent overcapacity: Chinese passenger car exports jumped 64% year-over-year in September even as domestic car sales fell 27%, per Associated Press figures.

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