Re:Taiwan remains world's fifth biggest creditor at end of 2018
by wrong_variable on Sunday June 16, 2019 @04:50PM
(#20197804)
It depends ..
China still have a lot of poor people.
Normally you want credit to flow from richer parts of the world to poorer parts of the world - where there is a lot more potential for growth.
NNIT is meaningless metric for larger countries.
China is a net creditor because they have certain national interest, their large credit position provides a buffer in international trade.
US acts a gold vault in international trading, China has certain industries that "generate gold" but their main focus is meeting the demand for their domestic market, just like most other countries in the list.
China still have a lot of poor people.
Normally you want credit to flow from richer parts of the world to poorer parts of the world - where there is a lot more potential for growth.
NNIT is meaningless metric for larger countries.
China is a net creditor because they have certain national interest, their large credit position provides a buffer in international trade.
US acts a gold vault in international trading, China has certain industries that "generate gold" but their main focus is meeting the demand for their domestic market, just like most other countries in the list.