China’s Great Wall Of Debt

[TheTruth]

Did you read the article or do you too suffer from concentration deficit because of malnourishment?

Anyone who reads Breitbart is ********. Find me a credible source, or have you exhausted every single mainstream one to find the conclusions you are desperate to observe for yourself?

Want to see the Breitbart articles alleging that your country is in bed with ISIS? I'm sure many females of the Atatwolf clan are ISIS brides, anyway.

I mean if my sisters were the 17th brides of suicide bombers I'd be pretty pissed and be looking for all sorts of other countries to blame for my problems, or to feel superior to as well.

 

[Keel]

Local gov't debt risk "controllable": minister
(Xinhua) 13:46, March 06, 2015


BEIJING, March 6

The risk of China's local government debt is generally controllable,Finance Minister Lou Jiwei said Friday.

Lou made the remarks at a press conference on the sidelines of the annual session of the National People's Congress, the top legislature.

"China's local government debt problem is a fact," Lou said, "the government is guarding against regional financial risks."

"On the whole," he said, "the risk of China's local government debt is controllable."

The local government debt piled up in past years should be resolved step by step, he said.

A slowing Chinese property sector has fueled worries that it may undercut local governments' fiscal revenue and blow up risks over local government debt.

"We have paid close attention to those localities that have a large amount of governmentdebt," said Lou, adding that his ministry is examining and verifying the latest figures of local government debt nationwide.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Yao Chun)

Handcrafted red clay teapot - 闵璐 Master Min Lu

 

[TheTruth]

Why are you so rabid in the way you talk about them? Turks are our kin, they are Asiatic peoples. Their ancestral link is in Central Asia, they are cousins to the Mongols, and to us Northeast Asians.

So , please, stop with your reference of "apes" etc etc.

Stop this now.

Absolutely not. You're very selective in who you choose to admonish, or do you find the task of engaging with legions of anti-China idiots too daunting? I don't blame you. I will continue on my path until trolls have seen their due.

correct me if i'm wrong, but isn't a good junk of China wind installment not even hooked up to the grid??

You act like assets on the ground can't be hooked up later. That's what they've been doing, trying to figure out the most efficient way to link everything together.

That's what happens when your industrial output nearly dwarfs that of the rest of the world put together. Things get made fast.

 

[Aepsilons]

Absolutely not. You're very selective in who you choose to admonish, or do you find the task of engaging with legions of anti-China idiots too daunting? I don't blame you. I will continue on my path until trolls have seen their due.

I ignore a lot of trolls, trust me my ignore list is massive.

 

[Viet]

Well, Japan also is in that same precarious situation. Our debt is also immense, fortunately the debt is locally owned. If China's debt is locally owned then they have insulation capacity. Perhaps we can get the expert opinion of Sir @LeveragedBuyout -- i resign to his candid analysis in these matters.

as long as the japanese people believe to their economy, aka to the yen, the debt can be paid back. the problem begins if japan economy suffers long recession and loses competitiveness.

 

[TheTruth]

I ignore a lot of trolls, trust me my ignore list is vacuous.

Well this my personal apology to, then, Nihonjin. Though my posts may degrade the overall quality of discussion in the short-term, I feel like for every one of my caustic posts 5-20 of theirs fall off the map. A coordinated trolling effort by the good guys made the servants of evil disappear for a few months last I remember

@TaiShang @Keel @ChineseTiger1986

I think I just heard a loud pop coming from the direction of Anatolia ... I think our friend may have finally pulled the detonator

 

[TaiShang]

China Government Debt to GDP | 1984-2015 | Data | Chart | Calendar

China recorded a Government Debt to GDP of 22.40 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in China averaged 12.94 Percent from 1984 until 2013, reaching an all time high of 33.50 Percent in 2010 and a record low of 1 Percent in 1984. Government Debt To GDP in China is reported by the Ministry of Finance of the People's Republic of China.

My friend @TheTruth , please ignore the troll. Your intelligent messages are well-received and to the point. Hence they are the best response to a person who is known to be not so bright. No need to scoop to the person's level. Thank you for your amazing rebuttals.

 

[Aepsilons]

Well this my personal apology to, then, Nihonjin. Though my posts may degrade the overall quality in the short-term, I feel like for every one of my caustic posts 5-20 of theirs fall off the map. A coordinated trolling effort by the good guys made the servants of evil disappear for a few months last I remember

A gentle answer turns away wrath, But a harsh word stirs up anger. The tongue of the wise makes knowledge acceptable, But the mouth of fools spouts folly.…

Be the wise, my friend.

 

[TheTruth]

While we're making up numbers, China's government debt is %1296, its corporate debt is %13926, its external debt is %1285!@48152.15 and its ghost money debt is %888888888888888888

 

[C130]

China’s Great Wall Of Debt
China’s debt has surged in recent years. Can it handle it?

By Anthony Fensom
March 04, 2015

China’s great leap forward economically has now led the communist nation to join its developed rivals in the major debtors club. With growth slowing, is the world’s second-biggest economy heading for a crash?

According to a new report by the McKinsey Global Institute (MGI), China’s debt has quadrupled from $7 trillion in 2007 to $28 trillion as of mid-2014, reaching 282 percent of gross domestic product (GDP) and higher than the level of the United States. Continuing its current pace of growth would see China’s debt reach 400 percent of GDP by 2018, the equivalent of Spain.

Commenting on China’s debt explosion, the report said: “Several factors are worrisome: half of loans are linked directly or indirectly to China’s real estate market, unregulated shadow banking accounts for nearly half of new lending, and the debt of many local governments is likely unsustainable.”
China’s Great Wall Of Debt | The Diplomat

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I know the US is a big debtor, but I am quite surprised to know China is in the same club...

am I missing something here. I though China debt to GDP was less than 50%

A world of debt – FT.com

 

[TheTruth]

A gentle answer turns away wrath

Be the wise, my friend.

4,000 years of history tells us this is a lie.

 

[atatwolf]

Anyone who reads Breitbart is ********. Find me a credible source, or have you exhausted every single mainstream one to find the conclusions you are desperate to observe for yourself?

Want to see the Breitbart articles alleging that your country is in bed with ISIS? I'm sure many females of the Atatwolf clan are ISIS brides, anyway.

I mean if my sisters were the 17th brides of suicide bombers I'd be pretty pissed and be looking for all sorts of other countries to blame for my problems, or to feel superior to as well.

I guess when you run out of arguments, you resort to insults and lies like you are doing now. My advice to you is to read the actual article and judge the arguments. Not dismiss every article because it doesn't say what you want it to say. I believe that the Chinese growth rate is cooked like most economist.

 

[TheTruth]

I spent several minutes writing witty troll posts and now they have all gone to angrily masturbate or kill themselves ... ungrateful

 

[Aepsilons]

4,000 years of history tells us this is a lie.

Don't equate the righteous rulers with the unrighteous. Under the righteous rule of many monarchs, there was unprecedented peace throughout the Zhu, Han, Song, Tang, early Ming, and ealry Qing Dynasties. It is proven that the righteous rule of the Emperors and Kings , that peace was attained. Sure there were unrighteous rulers, but their time was as miniscule as the former.

I for one wish for a return of the Tang Epoch. During the Tang Dynasty --- China , Korea, Japan were allies , unprecedented ties that had never been seen before, or have been seen again. It was during the Tang Epoch that China-Japan and Korea were considered to be One.

 

[TheTruth]

I guess when you run out of arguments, you resort to insults and lies like you are doing now. My advice to you is to read the actual article and judge the arguments. Not dismiss every article because it doesn't say what you want it to say.

The article strings together arguments with only tangential relevance to one another, quotes some lady who fabricates figures and claims non-falsifiable inside information.

They could have replaced each of the digits in their "figures" with randomly generated characters or pictures of cats and there would be no difference.

@Nihonjin1051

True, but meekness and gentleness certainly didn't turn the Huns, or Mongols, or Vietnamese, or indeed Hideyoshi away from East Asia. A benign display of force saves lives. If the Ming better conveyed their strength and will to defend Korea that disaster would never have happened.