Re:China’s Censors Ban Winnie the Pooh and the Letter ‘N’ Af...
by adventured on Thursday March 01, 2018 @12:14PM
(#16493898)
> and the [US] national debt keeps increasing for years and there is no sign to stop
China is about to become the world's most indebted nation on a GDP to debt ratio. If they're not already. If you count a reasonable estimate for shadow debt, they already are.
Total debt vs GDP for China is up over 300% at this point.
To grow their economy by ~$600 billion annually, they need to take on roughly $4 to $5 trillion in debt every year. Their return on debt is extremely bad at this point. No nation in world history has taken on as much debt, faster, than China has since 2007. The S&P projection is that China will expand its huge debt levels by another 77% by just 2021.
China is about to become the world's most indebted nation on a GDP to debt ratio. If they're not already. If you count a reasonable estimate for shadow debt, they already are.
Total debt vs GDP for China is up over 300% at this point.
https://www.cnbc.com/2017/06/28/chinas-debt-surpasses-300-pe...
To grow their economy by ~$600 billion annually, they need to take on roughly $4 to $5 trillion in debt every year. Their return on debt is extremely bad at this point. No nation in world history has taken on as much debt, faster, than China has since 2007. The S&P projection is that China will expand its huge debt levels by another 77% by just 2021.
Even China's households are now hyper leveraging:
https://www.bloomberg.com/view/articles/2018-02-15/chinese-c...