china found 12 trillion in debts they owe
I wonder when goycattle are going to understand that debt for a currency issuing sovereign market government is not at all the same as debt for a household or corporation.Probably never, otherwise they wouldn't be goycattle.
It's bad in the USA too but maybe not that bad.>>545123007That only works for federal government debt, not state and local government debt.
Why would you report debts you owe?
>>545121078>Internal debt that can be sold off or inflated away at a local level with minimal interventions from the national government I thought mutts were supposed to be good at money
>>545121078says the propaganda outlet from a country with $40 TRILLION in debt lolfuck outta here
>>545124040why the fuck would you think white people were good at money? they're literally ALL in debt lol
>>545123007pshht whatever we all know what that stuff means and about that more than you
>>545124143and 1/5th the population
>>545121078I give it two weeks before this destroys China.
>>545123007oh well please do enlighten us, captain faggot
>>545124234>> 5000 year old society falls before 250 year old rickety ass slave farmdoubt.jpg
>>545121078damn, at this rate the chinese will catch up to US debt in 2356
>>545124040>Internal debt that can be sold off or inflated awayTheir currency is pegged to 1/8th the USD.
Funding the destruction of western industries while trying to fund soft power abroad gets expensive fast.
>>545121078Debt is gay and fake anyways. Every single country is in severe debt.
>>545121078>$12 trillion in debts they oweto whom?
>>545124303That's local government debt, they have about 6 trillion in central government debt.
>>545124442Chinese banks.
>>545124437they're all in debt to america who has no means of collecting lolif I was about to go broke I'd debtmaxx too
>>545123805>>545124143>>545124297>whatabout Americatoo obvious wumao, get new material.
>>545124510The inverse is true too though
>>545123007>nazi era Germany says hi
>>545124510>they're all in debt to americaOnly businesses allowed to hold Chinese government bonds are Chinese banks.
>>545121078>Chinese debt is 64% of their GDPGood, very nice. Now do the US debt-to-GDP ratio.
>new report:may we see the report?oh, we just get to see your useless twitter screencap that says there's a reporti see
>>545124601>nigger retardChinese debt is 105% of GDPAmerican Debt is 121% of GDPAll the Chink-stans in this thread are pathetic.
>>545123007This is not sovereign state debt. This is debt by cities and regional governments in China, not the central state. This is like if the city of Los Angeles owed debtors a trillion dollars and the Federal Reserve has openly promised there will be no bailouts or even low interest loans. And this debt is due to the CCP demanding these same cities and regions take these loans and spend it on infrastructure to increase national GDP figures. Chinese cities are not like US ones, they have no ability to levy property taxes or sales taxes. There is no private property and the land development schemes that previous allowed them to generate revenue are over because the pyramid scheme property market in China completely collapsed. So Chinese cities are in an untenable position.
>>545124758this reads like a problem for lenders
>>545121078>>545123835>>545124758>amerimutts are drowning in debt>whataboutchina MUTTIDF cope!??!?!!>source: Literally the same MUTTIDF propaganda mouthpieces claiming China will collapse in 2010 and inventing fake "Chinese debt" numbers>Amerimutt debt is fine because the same regime constantly proven to be lying about the rest of the world inflated Amerimutt GDP and I trust that for no reasonlmao MUTTIDF shills really have no means to defend their shithole, its always just projecting deflecting and larping
>>545124629>erm you see when China builds roads, rails, power stations and canals that permanently cut down production and logistic cost for its industries and boost internal consumption thats actually all a ruse to inflate GDP to impress some Amerimutt bugman larping as roman kangz in his cardboard cuckshed>their growth isnt real like our stock gambling market, bitcoins and nfts and spending 5000 Dollars instead of 500 on a 1-bedroom apartment owned by state linked landlords and 100 Dollars instead of 10 on a hamburger menu >i heard it on an Amerimutt youtube podcast so its true
>>545127130that's also a good point but i was mainly just pissed off at OP the nigger posting nothing but a twitter screenshot instead of giving me something interesting to read
China has an income they can manage debt with.
