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proelite

proelite

Junior Member
tokenanalyst said:
China national debt is 86%? Household debt is 60%? Private debt is the rest? add all that and you get the total debt.
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What about local government debts? It's hard to know what they counted as public debt for China.

I think the last time I checked everything added together was 300%.

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If growth slows further, LGFVs won’t be the only ones seeking support. Corporate debt adds another 123 per cent of GDP worth of liabilities, a large chunk of which is owed by state-owned enterprises (SOEs) [2]. In addition, household debt - mostly mortgages - is 61 per cent of GDP. Altogether, China’s gross national debt is over 300 percent of GDP. A high debt burden constrains the government’s fiscal firepower, preventing it from unleashing bolder stimulus and weakening its effectiveness when implementing support measures.
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fishrubber99

New Member
Registered Member
The US debt figure is probably just considering US federal public debt (yes, not even the entirety of US federal debt) which is around 104% of GDP currently. In total (including federal intragovernmental debt) the figure is 121% of GDP in Q2 2024.

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So I doubt it's including any municipal or state level debt or any other debt figure. Municipal governments of some of the US' biggest cities are struggling with debt, most notably Chicago which needed to sell off the rights to collect from their parking meters in 2008 due to their debt burden. 16 years later and they are still one of the most indebted major cities in the US:
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Chevalier

Captain
Registered Member
siegecrossbow said:
China is still heading towards collapse since as life expectancy increases, a larger portion of the population will be useless old farts siphoning up tax payer money.
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I would hope that China does not proceed down the useless boomerism of the west of useless old farts sucking up taxpayer monies and that Chinese culture and traditions still persist of the elderly helping to look after the grandchildren whilst the parents are off to work. That’s the sort of unpaid labour that doesn’t make it into GDP numbers like the work housewives do.
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
Chevalier said:
I would hope that China does not proceed down the useless boomerism of the west of useless old farts sucking up taxpayer monies and that Chinese culture and traditions still persist of the elderly helping to look after the grandchildren whilst the parents are off to work. That’s the sort of unpaid labour that doesn’t make it into GDP numbers like the work housewives do.
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Chinese boomers took a shithole country and built it into a super power. American boomers took a super power and made it a supa powa.
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
proelite said:
What about local government debts? It's hard to know what they counted as public debt for China.

I think the last time I checked everything added together was 300%.

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Well, China doesn’t have transitory inflations so of course it can’t print it’s annual GDP in cash to stimulate the economy.
 
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