China’s Economy to Reap Benefits That Once Flowed to U.S

Re:China’s Economy to Reap Benefits That Once Flowed to U.S by Hydraulix989 on Monday December 24, 2018 @01:43PM (#18753559)

I'm not sure how much worse intra-China debt is than American debt to China. If I had to guess, the former is actually a better situation for China than the latter is for the US.

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Re:China’s Economy to Reap Benefits That Once Flowed to U.S by cthalupa on Monday December 24, 2018 @02:20PM (#18753763)

As of October, US debt to China is 1.13 trillion. Total US debt is 21 trillion - most of that held by the US government itself or US citizens. (Foreign debt holders only total 3.9 trillion of that 21 trillion total)

The municipal debt being referred to is estimated to be ~6 trillion.

Neither are particularly meaningful at current. The fear with the Chinese municipal debt is that it's being used to subsidize growth in a way that will flame out and cause their economy to slow. And both countries have more to lose trying to strong arm each other over the US debt than they stand to gain from using it as political leverage.

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