India, May 30 -- 2020 could see the collapse of China's financial system.

By now all experts concur that post coronavirus, the world economy will not be the same and will take at least four-six quarters to recover. The over $14 trillion Chinese economy-second largest in the world-is also set to be completely altered, with some experts saying the setback could be permanent. For decades, China has been powering global manufacturing through its integrated supply chains on the back of large amounts of debt. Troubles are mounting for China since its years of profligacy on borrowed money has now resulted in its debt pile becoming extremely large at a time when its economy is contracting.

As per Institute of International Finance, China's tot...