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A comment on The Chinese Government Likely Borrowed More than the US in 2017. Parent comment

Re:The Chinese Government Likely Borrowed More than the US i... by MLR on Monday July 16, 2018 @10:19AM (#17541408)
China is (officially) growing at ~7% per year right now, so adding $700 billion to their debt pile barely changes the debt/GDP ratio, it might even still fall but I'd have to check the exact figures.
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Re:The Chinese Government Likely Borrowed More than the US i... by seanmcdirmid on Monday July 16, 2018 @11:16AM (#17541940)
The official reported rate is less than 7%, the actual rate is probably 5-6%. But the problem is the growth of debt, not its absolute value. They most definitely have to hit the brake on growth sometime soon, or they are screwed. Even the Chinese governmebt states this, we are only debating the consequences of hitting the brakes, not whether it will happen or not.
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Re:The Chinese Government Likely Borrowed More than the US i... by tonyedgecombe on Monday July 16, 2018 @10:34AM (#17541553)
Does anybody believe that growth rate anymore?
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Re:The Chinese Government Likely Borrowed More than the US i... by vkou on Monday July 16, 2018 @12:53PM (#17542770)
Anybody who has actually been to China in 1998, 2008, and 2018 would.
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Re:The Chinese Government Likely Borrowed More than the US i... by gruez on Monday July 16, 2018 @01:35PM (#17543131)
All that will tell you is "china grew a lot". It won't tell you whether they grew 10%/year or 8%/year.
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Re:The Chinese Government Likely Borrowed More than the US i... by vkou on Monday July 16, 2018 @01:59PM (#17543414)
No, but it'll pretty definitively tell you that they are not 10x off published GDP numbers.
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Re:The Chinese Government Likely Borrowed More than the US i... by Four_Star on Monday July 16, 2018 @10:36AM (#17541567)
Nobody
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