Msg. 40485 of 60008 (This msg. is a reply to
40471 by
Decomposed)
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Decomposed > In December 2021, China's GNP was $17.5 trillion. Its 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.
Wow.
I'd heard rumors that China had a 'toxic debt problem' . . . But I had no idea there overall debt problem was as BIG as this claims.
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At the end of 2020, China's foreign debt, including U.S. dollar debt, stood at roughly $2.4 trillion. Corporate debt is $27 trillion, while the country's total public debt exceeds 300 percent of GDP.
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