De: "In December 2021, China's ... debt, public and private, was a staggering $51.9 trillion. The comparable figures for the U.S. are $50 trillion debt on a 2021 GNP of $23.5 trillion."
While I acknowledge, I didn't search before I made that statement (good find), I wasn't referring to consumer debt - owed from some people in the country to other people in the country. That may push up the GINI coefficient, but it doesn't bear on geopolitics.
I said creditor NATION and debtor NATION. China is a huge CREDITOR nation, despite its internal imbalances.
"G20 countries accounted for 91% of the bilateral debt of DSSI-eligible countries. China is by far the largest creditor for this group (63% at end-year 2019). " http://blogs.worldbank.org/opendata/international-debt-statistics-2021-debt-accumulation-low-and-middle-income-countries
The US, on the other hand, is on the hook to China .. and pretty much everyone else.
HERE IS THE RELEVANT DATA:
http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
US 31 Trillion vs. China 2.6 Trillion.
Of course, this is external debt, only; a better metric might be NET external debt .... although (1) I don't have that number at my finger tips and (2) it might not matter, as if someone can foreclose on you they can foreclose....and it doesn't much matter than someone ELSE still owes you money from ww2.
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"It's always nice, if someone finds you with egg on your face, if you can find a napkin!" -Me ;->
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