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1
Hircus
2020 Apr 9, 2:03pm
Hircus
2020 Apr 9, 2:03pm
Compared to most other countries, their debt actually doesn't seem too bad. Although, their Asshoe reporting style surely lies to keep the numbers lower.
https://worldpopulationreview.com/countries/countries-by-national-debt/
Were a bit over 100% right now, but (for now) we have the unique ability to print portions of our debt away. China, being a powerful country due to being the worlds production factory, has some clout to do this too, as they can just threaten their debtors in ways most countries cannot. But, not to the same extent we can.
https://worldpopulationreview.com/countries/countries-by-national-debt/
Were a bit over 100% right now, but (for now) we have the unique ability to print portions of our debt away. China, being a powerful country due to being the worlds production factory, has some clout to do this too, as they can just threaten their debtors in ways most countries cannot. But, not to the same extent we can.
2
AD
2020 Apr 9, 2:08pm
AD
2020 Apr 9, 2:08pm
Hircus says
I don't believe China's debt to GDP ratio is only 55%. I think it is under reported also. It probably is at least 75%.
Its not as much the world's production factory. Other countries have been filling in that gap especially with the USA relying less on China after Trump's trade deal.
Although, their Asshoe reporting style surely lies to keep the numbers lower.
I don't believe China's debt to GDP ratio is only 55%. I think it is under reported also. It probably is at least 75%.
Its not as much the world's production factory. Other countries have been filling in that gap especially with the USA relying less on China after Trump's trade deal.
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