China’s debt time bomb – the fall out

[yusheng]

in fact only if Chinese people have job to do, Chinese goverment has tax to collect, then public debt is not a big problem; when the tax collection grows higher than debt growis, debt is reduceed, recently Chinese goverment has begun to manager its debt, for the time being, the result is good;

by the way , if you want to really understand Chinese public debt, you have to understand Chinese economy totally, for example, how tax collected, how public debt expended and what the result of such expence, what the relationship between local debt and central debt.

but unfortunately, very few Chinese know how Chinese economy works and mangered, not mention the foreigners.

since the narrow whitern regard their economy theory is the only right theory on earth, no wonder they make such predict time and again.

sometimes, it is really ironic to see the US econmy is so weak but still get the most of the Nobel Economics Prize.

 

[cnleio]

OH ... Yes China doesn't have the biggest debt bomb in this world, compared with U.S or Japan government it's small.

 

[powastick]

What a waste of time posting this.

US Debt

To make similar to OP's chart, you just have to minus out nonfinancial noncorporate business and foreign.
GDP is 17,112 billion.
That would give 129,736.9 billion. So that would give a debt to gdp ratio of .... 758.14%

US went from 351% to 758.14% on a similiar period.
China from 176% to 258%.

Correct me if I'm wrong, I'm no economist.

 

[AgentOrange]

So China is in problem?

It's not a problem. The OP hates China and thought he'd embarrass Chinese people by posting an article about China's supposed debt "time bomb." Only to realize that Turkey's debt to GDP is 3 whole percentage points less than China's without anything close to China's massive forex reserve. So OP was the one who got embarrassed and at the end of the day, East Turkestan is still no closer to being a reality, despite his attempts at trolling.

 

[bolo]

Where are you getting 250% from? According to that first link of yours, it's around 44%. Just throwing around 250% "from all factors" without a comparative list of other nations' debts "from all factors" is rather meaningless.

He confused with Japanese debt.

 

[dray]

Well again we established that China has a low level of public debt, compared to other countries.

And not to mention, we have over $4 trillion in currency reserves.

What? China's bank debt has grown from $14 trillion in 2008 to $25 trillion now, they are dangerously leveraged.

 

[TheTruth]

What? China's bank debt has grown from $14 trillion in 2008 to $25 trillion now, they are dangerously leveraged.

Do you even know wtf you're talking about? I can't stand these clueless wikipedia kids who have never taken an econ class in their lives.

Hilarious that retards are dragging out "total debt" how that public debt makes them look so bad compared to China. And lo and behold the US had debts worth %750 of GDP

 

[TaiShang]

Do you even know wtf you're talking about? I can't stand these clueless wikipedia kids who have never taken an econ class in their lives.

Hilarious that retards are dragging out "total debt" how that public debt makes them look so bad compared to China. And lo and behold the US had debts worth %750 of GDP

I would stop talking to Indians, if I were you, my friend. Quoting them is the most dangerous; this will keep them swarming and swelling in number and they will never stop until you give up and they have the last say.

Let them only have a dialogue with each other on China while we ignore them.

 

[dray]

Do you even know wtf you're talking about? I can't stand these clueless wikipedia kids who have never taken an econ class in their lives.

Hilarious that retards are dragging out "total debt" how that public debt makes them look so bad compared to China. And lo and behold the US had debts worth %750 of GDP

Bank debt.

 

[TheTruth]

Bank debt.

That's all you could come up with from Wikipedia after a few hours of research? US bank debt is even higher than China's.

 

[tranquilium]

He confused with Japanese debt.

No, he added in household debt, non-financial corporation debt, etc. Basically, he added everything that remotely counts as debt and somehow try to give the impression it related to debt problem, which only concerns public debt.

 

[dray]

That's all you could come up with from Wikipedia after a few hours of research? US bank debt is even higher than China's.

Already discussed, rest of the world including China owns US debts, who owns China's debts?

 

[tranquilium]

Already discussed, rest of the world including China owns US debts, who owns China's debts?

China government. Most of the Chinese public debt is actually between Chinese government and Chinese government owned banks, hence very high resilience to debt problems.

 

[TheTruth]

Already discussed, rest of the world including China owns US debts, who owns China's debts?

You should start actually reading things you post and doing research

 

[seven7seven]

OP is known anti-China troll. He should worry about Turkey's shaky economy rather than salivate over the demise of the World's second/number one economy, depending on what measure you go by. People like OP must be yearning, with every passing day, that China will fail and fall into chaos, just like idiots such as Gordon Chang. Well keep living the dream guys!