Re:How China accumulated $28T in debt
by cromwellian on Thursday January 28, 2016 @04:18PM
(#10991440)
But it's assets are huge, such that there's a net $128 trillion. The question is, what's the other side of China's balance sheet look like?
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Re:How China accumulated $28T in debt
by AnimalMuppet on Thursday January 28, 2016 @04:43PM
(#10991617)
I'm not arguing with you, but... what's the source of that number?
The very first sentence of the linked Wikipedia article.
"The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014."