Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
by alexbeloi on Wednesday May 24, 2017 @10:36PM
(#14414947)
I can't seem to edit my comment anymore. In an attempt to correct the record, I'm very wrong about my claim in at least a couple of ways.
1. I made that statement without checking my facts
2. I recalled from the news today that China had a debt to gdp ratio of about 250% (this is total debt to gdp, including debt held by consumers and corporations)
3. I compared it to a number in my head of US debt to gdp ratio being about 100% (this turns out to be about government debt to gdp).
At the very least, the thing I intended to say is wrong or an unequal comparison at best.
1. I made that statement without checking my facts
2. I recalled from the news today that China had a debt to gdp ratio of about 250% (this is total debt to gdp, including debt held by consumers and corporations)
3. I compared it to a number in my head of US debt to gdp ratio being about 100% (this turns out to be about government debt to gdp).
At the very least, the thing I intended to say is wrong or an unequal comparison at best.