/biz/ - Business & Finance

>>57541626
>China printing more money when its government debt to GDP ratio is over 80% and expected to hit over 100% in the next 5 years even without printing new money and still assuming growth of 5%+
>And their local provincial debts are already over 80% of GDP too
China's overall debt from government institutions is literally worse than America's, because on a state by state level even the worst states in America only have a 25% debt to GDP ratio and averaging around 15%. Between its national and provincial governments China's total debt to GDP is over 160%, while America's when you combine them is only about 140% in comparison.

China literally CAN'T print more money because their debt is already FUCKED and they're approaching it from a worse credit rating than the US ever had and weaker monetary tools because they're less developed. You people don't even understand how bad things really are.

Chinabros...
I really am starting to think that our level of cockiness may have been a bit too much...

Chinabros...
We really got too cocky didn't we?