[teaserteam]

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.

China's Government is run very differently from the US Government. In the US, the Government is not only responsible for defense but also the public services such as postal services, parks, recreation and even libraries. Remember when they have the Trump's Government shutdown some years back, many civil servants are not paid. In China, the Central Government is only responsible for interest payment of its own debts and the defense; they don't need a lot of money to run the Government.

https://rhg.com/research/the-myth-of-chi...cal-space/