Re:American hard hat jobs have the highest level of open pos...
by gruez on Sunday July 30, 2023 @09:38PM
(#36937935)
I suspect that's an artifact of what counts as "corporate" debt in china. LGFVs[1] count as corporate debt, but are more accurately classified as government[1]. If you factor that out and reallocate that to government debt, and consider that the US has higher government debt as % of GDP than china, the two countries don't look too far off.
[1] https://en.wikipedia.org/wiki/Local_government_financing_veh...