Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
by zanny on Wednesday May 24, 2017 @10:57PM
(#14415017)
The average US citizen should say the US citizen holds much of the US debt. Since they do. About 70% is domestic, and 7% is owned by China.
The Chinese are in a similar boat. About 60% of their debt is domestic. Their inflating debt, however, is in part what is driving the gap between the two, and they are ramping up foreign debt faster as a result.
The Chinese are in a similar boat. About 60% of their debt is domestic. Their inflating debt, however, is in part what is driving the gap between the two, and they are ramping up foreign debt faster as a result.