China’s total debt has risen tremendously in just a couple of years. Here’s why that matters.
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Do you think China's debt is a big problem?
Surprisingly, this is actually a fair and balanced assessment of China's debt. That's rare in Western media.
China's debt is manageable, thanks to its unique financial system. Western economies, such as those in the US and UK, cannot say the same.
For the most part, China's debt is "good" debt. It goes to building infrastructure and building up industries. Western debt tends to go to militarism and fighting wars.
Are these AI videos? It's impressive how fast you make these.
You are f***ing biased with Asian continent…
I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos
How can you have a real estate sector in a communist country?
Internal Public Debt is not at all a major problem for the economy of a country but it is better if Government is interested for inclusive growth, the entire Nation will be benefitted.
The generated value will be in the country itself only how to utilize and how to distribute.
External Debt is a problem for the economy of a country because it will drain out generated value of the country.
To analyse a Socialist Socioeconomic System from a Platform of Capitalist Socioeconomic System may not be correct.
The PRC is the second largest economy in the world, with a standard of living second only to the USA. It is NOT a developing economy.
To do justice, Behind Asia, has to also use the same measure 1. to assess US debt, and 2. Compare China’s debt one to one with the US’s debt, the UK’s debt, and Japan’s debt. Here in this podcast, BA compares the economies of an emerging China with that of matured economies of the US, UK and Japan. One must also look at debt where the country can afford the debt, and who the country is borrowing from: its own people? or from foreign countries. And how that borrowing by a country from its own people or from foreign countries affect the foreign countries it borrows from. E.g. is China printing money to finance itself and to finance the US? The US is printing money to grease itself and lubricate foreign wars and conflicts. Has the US ability to finance the national debts of foreign countries? Give for example, US military aid to foreign countries. The military aid is to draw down on the disused, discontinued, obsolete weapons to reduce overflow of junk in warehouses: out with the old, in with the new? How is this financed? How is US budget deficit financed? Trump in 1.0 was faced with this problem, Biden cares not. Trump asks EU, Japan and South Korea for protection money to reduce its military burden, to finance its military adventurism and spending. Has China got the American disease. Come on, BA, do a similar study and analysis. Don’t just use tinted reading glasses to look at China. Use the same to look individually at the US, the UK and Japan to gain greater credibility to BA’s podcast.
Global well known 35.7 trillions debt is on the brink unstoppable daily weekly monthly yearly check with your sheriff.
One needs to look not at national or public debt per se, but debt per capita against debt PER CAPITA, against economic production and balance of trade. One also needs to also look at national debt against the amount of money that is printed to finance military spending and production and waging foreign wars. One also needs to look at national debt against the state of a nation’s economy, i.e. in decline or in advance. How does China’s debt then compare with US debt of $35,000,000,000,000. How much is that per capita? Is that debt sustainable? Has the US any ability to hold back, reduce its debt, least of all how and when the US can repay all its debts.