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re: World debt-who’s the recipient?
Posted on 2/4/24 at 7:47 am to pecxs
Posted on 2/4/24 at 7:47 am to pecxs
quote:
I don‘t think the data is reilable regarding to China. If you believe the IMF data is correct, China debt is not worse than US, Japan, UK, France, and many other industrial contries.
That's just national government debt. They have substantially more provincial debt, and corporate debt from state owned businesses.
Their real debt to GDP ratio is around 300% That's if you believe their GDP is real. Its not so it's the ratio is even worse as their GDP is probably only around 14 to 15 trillion.
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