[ROFLMAO]

https://www.straitstimes.com/business/ch...-get-worse

China’s $31 trillion local debt mess is about to get worse

Local governments have to make painful spending cuts or divert money from growth-boosting projects to repaying their debt. Read more at straitstimes.com.

[Niubee]

Both recession will meant SG recession.

Shiok.ah

[bobby]

[sgbuffett]

All this money is owed in RMB.
This is the same as Euro crisis where they owe in Euros.

As long as you can print to pay there is no problem.
The trick is to print slowly so you don't cause inflation.

China has currency controls ...the reason for currency controls is because much of its growth is debt driven whether debt is used for property or municipalities to spend on infrastructure.

Just like Eurozone crisis where global investors cry father and cry mother over the bankruptcy of Eurozone countries ....nothing will happen because the debt is in a currency that China can print...just like Eurozone cab print Euros.

[grotesqueness]

Down Down Chow Cheese Pie (CCP)
Down Down Chow Cheese Pie (CCP)
Down Down Chow Cheese Pie (CCP)
Down Down Chow Cheese Pie (CCP)

[limpeh394]

another japan lost 10 years decades cuming ?

[cityhantam]

Report reproduced from BLOOMBERG! 

[cityhantam]

At one moment, they said China has high jobless rate!

Now they said :

an economist at American think-tank MacroPolo, noting that China’s ageing and shrinking population means many cities do not have the workforce to sustain faster economic growth and tax revenue.


So, which is correct leh?

[sgbuffett]

At one moment, they said China has high jobless rate!

Now they said :

an economist at American think-tank MacroPolo, noting that China’s ageing and shrinking population means many cities do not have the workforce to sustain faster economic growth and tax revenue.


So, which is correct leh?

Both are correct.

1. In the near term China economy is too weak to produce enough jobs for its youth.

2. In the longer term if China were to grow its growth will be lmited by its shrinking workforce.

Both does not contradict each other as they are dealing with different time frame.

China one child policy will mean consumption growth will be slow. Similarly USA last 10yrs growth was driven by baby boom.generation of 1980s.

India has a demographic dividends for long term.

[cityhantam]

Both are correct.

1. In the near term China economy is too weak to produce enough jobs for its youth.

2. In the longer term if China were to grow its growth will be lmited by its shrinking workforce.

Both does not contradict each other as they are dealing with different time frame.

China one child policy will mean consumption growth will be slow. Similarly USA last 10yrs growth was driven by baby boom.generation of 1980s.

India has a demographic dividends for long term.

You are very good in putting up argument to support Angmo media!

But, that is hollow!

They were talking about 20% young people who are jobless! That is a very big number and they have very long runway! 

[grotesqueness]

Both are correct.

1. In the near term China economy is too weak to produce enough jobs for its youth.

2. In the longer term if China were to grow its growth will be lmited by its shrinking workforce.

Both does not contradict each other as they are dealing with different time frame.

China one child policy will mean consumption growth will be slow. Similarly USA last 10yrs growth was driven by baby boom.generation of 1980s.

India has a demographic dividends for long term.

China | RSF

with ranking that low

the devil empire  will never admitted anything

[webinarian]

1. China's debt is local debts. Gov can manage.  

2. UAss debts are Treasury debts to international bodies and is about to default in a week.  

So, don't worry for China. 

.

[Purikura]

China is a massive failure under their evil CCP cult. What a disgrace.

Good that they are going bankrupt soon.

[Omnipresent88]

Pukimak and all amdk arse lickers stooge’s singing and dancing for years China bankrupt liao lah cheo kau peng liao lah
https://media.tenor.com/JZVHcoA5tVkAAAAM...y-edmw.gif https://media.tenor.com/DgdiLkQcPFEAAAAM...linton.gif https://media.tenor.com/dpSZDy4LaowAAAAM...ughing.gif https://media.tenor.com/xLKveNp-xMQAAAAM...-laugh.gif https://media.tenor.com/Lbrr3HR3CnkAAAAM...gg-rap.gif

[Alice Alicia]

After 20yrs, nothing happened.

[watchfirst9]

1. China's debt is local debts. Gov can manage.  

2. UAss debts are Treasury debts to international bodies and is about to default in a week.  

So, don't worry for China. 

.

Not really correct. 
31T SGD or 23T USD in that article is referring is local province plus central govt debt,
total govt debt.

Federal or Central govt consist foreign buyers, .
but local/state level debt are local buyers.

So 32T USD US federal  public debt portion got foreign buyers
but lesser publish state level debt which is around 3.2T don't.
https://fred.stlouisfed.org/series/SLGSDODNS


you can find  
https://www.usdebtclock.org/#
got two govt debt to GDP

one is the common known one 120%
another If plus state/local level 
so total govt debt to GDP will be at 134%

[ROFLMAO]