(21-06-2024, 08:07 AM)webinarian Wrote:     
How about US own debts of USD $35 trillion?    

Why no talk?   

Useless plp amkock.   

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(26-06-2024, 12:38 PM)factuup Wrote:  CHEENA JIALAT NAO!

(21-06-2024, 05:14 AM)sgbuffett Wrote:  Like that is vicious cycle.

https://www.reuters.com/breakingviews/chinas-risky-answer-wall-debt-is-more-debt-2024-06-17/

(26-06-2024, 01:53 PM)webinarian Wrote:     
US debts are $35 trillion, 122% of US GDP.    

China debts are only 60% of GDP. It is nothing.   

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(26-06-2024, 01:53 PM)webinarian Wrote:     
US debts are $35 trillion, 122% of US GDP.    

China debts are only 60% of GDP. It is nothing.   

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(01-08-2024, 08:06 PM)teaserteam Wrote:  The banks will be under pressure

Quote:China’s rescue plan to resolve its local government debt crisis has thus far provided only temporary fixes, with default risks remaining significant and the debt pile set to grow in the coming two years, according to a new S&P Global Ratings report.

A series of measures implemented a year ago after a meeting of the Politburo – the centre of power within the Communist Party – included a debt-swap programme and loan restructuring aimed at defusing what threatens to be a financial time bomb that could damage China’s banking system.

“So far, we see temporary fixes for China’s heavily indebted local government financing vehicles (LGFVs),” S&P Global Ratings credit analyst Laura Li said in the report, released on Thursday.

“The measures are more focused on ‘buying time’ than addressing the weak fundamentals of local government corporate arms.”

https://www.scmp.com/economy/economic-indicators/article/3272025/chinas-crippling-debt-levels-seen-worsening-government-measures-focus-buying-time

Quote:China’s local government financing vehicles need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their debt and avoid default.

The nation’s LGFVs — the companies that borrow on behalf of provinces and cities to finance mainly infrastructure projects, such as roads and ports — have 4.65 trillion yuan ($651 billion) worth of bonds due over the next 12 months, according to Bloomberg-compiled data. That’s the highest amount on record, and is roughly 13% more than what came due last year.

“Containing the credit contagion and the systemic financial risk from the LGFV sector remain top priorities for the central government this year,” said Zerlina Zeng, senior credit analyst at Creditsights Inc.

Maturity Wall
China’s LGFV’s maturity would reach record high in 2024

(21-06-2024, 05:14 AM)sgbuffett Wrote:  Like that is vicious cycle.

https://www.reuters.com/breakingviews/chinas-risky-answer-wall-debt-is-more-debt-2024-06-17/

(21-06-2024, 08:30 AM)RiseofAsia Wrote:  China still has a 3 trillion USD reserve. This is a declared number, how about undeclared number? 中国人从来不讲真话，只讲实话！

(11-08-2024, 10:30 AM)sgbuffett Wrote:  Contrary to popular belief Chjna govt debt is not high 60% once you include local govt debt which the central govt guarantees....it is very high


In my posting I never mention US but people brought it out to say ut has more debt and so on.

US has the benefit of being the global reserve currency which  in demand due to US dollar denominated debt. 

US is a fiscally irresponsible nation that will eventually see its day of roasting.....but I believe they can carrying longer than the situation Chjna is in.

(23-09-2024, 04:02 AM)victortan Wrote:  Almost all countries on the planet got debt in one form or another , even sillypore also got debt.

they borrow from the left pocket and put in in the right pocket, that is debt too, and it is vy high.

US 34T,, die,, just paid the interest alone can kill,,, and they will continue to print and rise the debt ceiling.
can this continue without repercussion indefinitely ???

get ready for another biggest financial crises of all time, one that in bigger that 1929..

this will lead to ww3...

buy gold and silver and somee crypto..