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Re: ernie44 post# 1031

Wednesday, 08/10/2022 6:25:24 AM

Wednesday, August 10, 2022 6:25:24 AM

Post# of 1244
Chinas debt is a LOT higher than that. National debt is actually not that bad ( 45% GDP ), but thats mostly to do with the way its calculated.

Regional Debt tends to be lumped in with Corporations and the Corporations themselves are heavily indebted and many are going to have problems. Household debt is also pretty high.

Once the Nation takes control rather than just let them fail, thats where it will all start to go very wrong.

http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-HOUSEHOLD/010030H712Q/index.html

China has relied on double digit growth to keep ahead of its debt bubble. Those days are now gone.
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