Economist : China debt mountain is bigger than feared
#1

https://www.bloomberg.com/news/newslette...han-feared

Japan’s descent into stagnation is an infamous economic tale known around the world. But at its start, in the early 1990s, it wasn’t abundantly clear what was happening to what was then the world’s No. 2 economy.

Much to the frustration of Japan’s Ministry of Finance, there was a coterie of keen financial analysts who warned that the country’s debt problem was a whole lot worse than advertised, and that economic growth wasn’t going to magically make it go away.

Fast forward to today, and something similar may be emerging with regard to China. In recent weeks, China watchers have taken notice of a previously little-publicized assessment by a former adviser to China’s central bank. Li Daokui has estimated that local Chinese authorities had by 2020 run up a much bigger tally of debt than previously realized, at some 90 trillion yuan ($12.6 trillion).

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#2

Nothing compared to US $34 trillion.
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#3

They could simply say China has collapsed.
US debt no problem, they just print.
Western medias?
Putin was diagnosed with life threatening sickness.
Could not stand and had to hold on to the desk.
Who believe that?
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#4

Who believes this propaganda bullshite except Cecas like Sgbuffet?
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#5

Pukimak the ultimate amdk arse lickers stooge’s you don't know meh China collapse liao lah LMAO

https://youtu.be/3eXqkX9KJPE?si=rgGn5lgKCaMpVCm_
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#6

(20-02-2024, 06:09 PM)Purikura Wrote:  Third world china is in heavy debt to both ang moh Russian and USA. No wonder China have to keep getting on their knees to suck ang moh dick for money LOL!

Ah tiongs already have no jobs and money left, have to eat grass and tree barks like cultural revolution.

Truly the sick man of asia as always. What a weak and sick nation third world china really is.

Go mbs shout and celebrate


Smile
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#7

Did Bloomberg give you any idea on how to boost your cpfoa? Too trivial for them to do that?
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#8

Third world china is in heavy debt to both ang moh Russian and USA. No wonder China have to keep getting on their knees to suck ang moh dick for money LOL!

Ah tiongs already have no jobs and money left, have to eat grass and tree barks like cultural revolution.

Truly the sick man of asia as always. What a weak and sick nation third world china really is. No wonder wumaos so triggered LOLOLOLOLOL!
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#9

(07-01-2024, 04:14 AM)sgbuffett Wrote:  https://www.bloomberg.com/news/newslette...han-feared

Japan’s descent into stagnation is an infamous economic tale known around the world. But at its start, in the early 1990s, it wasn’t abundantly clear what was happening to what was then the world’s No. 2 economy.

Much to the frustration of Japan’s Ministry of Finance, there was a coterie of keen financial analysts who warned that the country’s debt problem was a whole lot worse than advertised, and that economic growth wasn’t going to magically make it go away.

Fast forward to today, and something similar may be emerging with regard to China. In recent weeks, China watchers have taken notice of a previously little-publicized assessment by a former adviser to China’s central bank. Li Daokui has estimated that local Chinese authorities had by 2020 run up a much bigger tally of debt than previously realized, at some 90 trillion yuan ($12.6 trillion).

So how to buy HSI or not???

better keep side, i think both US and the rest of the world about to crash big time.

nasdaq keep soaring, but only the big tech, the rest of tech stock all slightly higher with 80% gg no where to down.
dangerous time, the last time i saw this, mkt crash and took 2 yrs to recover back...GLTA
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#10

(07-01-2024, 04:14 AM)sgbuffett Wrote:  https://www.bloomberg.com/news/newslette...han-feared

Japan’s descent into stagnation is an infamous economic tale known around the world. But at its start, in the early 1990s, it wasn’t abundantly clear what was happening to what was then the world’s No. 2 economy.

Much to the frustration of Japan’s Ministry of Finance, there was a coterie of keen financial analysts who warned that the country’s debt problem was a whole lot worse than advertised, and that economic growth wasn’t going to magically make it go away.

Fast forward to today, and something similar may be emerging with regard to China. In recent weeks, China watchers have taken notice of a previously little-publicized assessment by a former adviser to China’s central bank. Li Daokui has estimated that local Chinese authorities had by 2020 run up a much bigger tally of debt than previously realized, at some 90 trillion yuan ($12.6 trillion).
       
Haha, China debt high but US banks callapse.   


Really dump.    

Very good.       


Rotfl Rotfl Rotfl    Laughing Laughing Laughing  
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#11

     
Don't steal Buffett's name lah.   


You think you are smart meh?    


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#12

(07-01-2024, 04:14 AM)sgbuffett Wrote:  https://www.bloomberg.com/news/newslette...han-feared

...
Li Daokui has estimated that local Chinese authorities had by 2020 run up a much bigger tally of debt than previously realized, at some 90 trillion yuan ($12.6 trillion).
         
$12.6 trillion is still less than GDP, unlike Japan and US.    


US debts are coming to 2 times GDP very soon.  

If you don't know about economics, just shut your CB mouth.   

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#13

Sgbuffet is short on china markets. He is a prata king Big Grin

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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#14

big debt on a national level. will cny become like banana notes?
what is the debt level
and saving level of individual chinese?
economy still growing so money is still being created.
growing green energy will reduce lots of money spend on oil import. over time money is flowing less to oil producing countries as green energy capacities grow.
lots of money stock up at national link companies like telco, oil business.
not like us where these belongs to pte.
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#15

The way they explain China GDP declining base on USD is also not correct.

2022, US interest still 0.25%
2023, US interest rise to 5.25%
2024, ?

Now, Using USD to calculate country GDP is highly inaccurate.

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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#16

China 2024, China economy recovery, who is in trouble?

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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#17

(06-05-2024, 07:27 AM)webinarian Wrote:           
$12.6 trillion is still less than GDP, unlike Japan and US.    


US debts are coming to 2 times GDP very soon.  

If you don't know about economics, just shut your CB mouth.   

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The US local government debt is only USD2.54 Trillion in 2024

https://www.statista.com/statistics/2464...overnment/

The National debt is USD34 Trillion, including all the deposits and assets of foreign banks and gold reserves of other countries in the US.

https://www.statista.com/statistics/1878...ince-1990/



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#18

(07-01-2024, 10:02 AM)Migrant Wrote:  US debt no problem, they just print.

Every country that has its own currency and central bank can increase the money supply to match its economic growth.  According to the World Bank,  China started increasing money since 1990.  Presently,  China has about 220% of GDP money in circulation and US has only 120% of GDP.

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