Explainer | China debt: has it changed in 2021 and how big is it now?

[Vapnope]

The clever way to make a statement was to include internal debt. The external debt of China is little more than 15% of the GDP.

 

[CAPRICORN-88]

The clever way to make a statement was to include internal debt. The external debt of China is little more than 15% of the GDP.

Is that the latest number?
The last time I checked it was 21.6% and was still dropping as China has started reducing her external debt.

Meanwhile Russia has paid off all its debt to other nations much like Singapore, they have no external debt.

Is USA in a DEBT TRAP?

Indiscriminately printing of money out of thin air is already leading USA to hyperinflation.

Even more so these days as more and more US dollars are returning back to USA.

Many nations have started dumping their US dollars.

The story of a man with his wheelbarrow of money is now coming alive in USA.

He left his barrow of money to go to the bar for a drink.

When he returned his barrow was missing but his stacks of money was left intact and placed aside.

 

[mike2000 is back]

Chinas economic situation will only get worse in 2021 will all the sanctions and boycotts

with camels like Xi Jinping in power he is basically wasting all the hard work his predecessors have done

They already got a working system. So I'm afraid they aren't going anywhere. So i don't think they will stop growing anytime soon. They are still a developing country due to their large population/scale. So they still have a large room for growth, and to be honest, their government is still very much pro business/FDI and they have set up a good system that encourages and attracts investors from around there world to set up business there, since the facilities and infrastructure/supply chain is there and a large ready available market which is already/will soon be the worlds largest in many sectors. So there are many reasons investors keep their investment there and even keep expanding them.
Funny enough, the government/society there is even more pro business than say countries like India(who ironically needs this desperately even more). So we should learn to avoid allowing our emotions and feelings cloud our judgement/bias. Else we start believing in our own bias/wishes so much so that we lose touch with reality. You should always know/acknowledge your competitors strength very well, that's the first step to even start adopting a strategy to counter them. If you want to keep believing in self made delusions/wishes then you have already lost. It's similar to some Indians who are making fun/belittling China, meanwhile both countries are in completely different leagues and not on the same level at all.
Let's be more realistic in our observations.

 

[mike2000 is back]

You would never call Airbus , BAE or Aston Martin a Chinese company if it was purchased by some Chinese tycoon for whatever crazy plans. Spare us your pretense. We get your are trying to defend this lie about South China Morning Post being a "Chinese source" deflecting responsibility and bad rep of American and British propaganda labels with this routine that replaced the old meaningless "but its based in Hong Kong" phrase.

It wasnt a Malaysian newspaper before, its wasnt an Australian newspaper then, its not a Chinese newspaper now. Declaring their office in the UK or Germany doesnt make Reuters or Radio Free Europe any less US propaganda mouthpieces. Declaring their directors independent from any governments doesnt make Radio Free Asia or Voice of America any less US state propaganda mouthpieces. Proxying your funds through the NED doesnt make all your favourite one man show fake activist and belly rubbers any less U.S. state propaganda mouthpieces.

The majority of this supposedly "Chinese newspaper" staff is not even located in China but the bulk of it in the USA and nearly every "Chinese reporter" was previously trained for years by some US propaganda mouthpiece and many of them including this alleged author are still parotting explicitely anti-Chinese US propaganda and disinformation about China from their "former" employees and other U.S. propaganda mouthpieces and even literal CIA cutouts on their private U.S. social media accounts or actually still working for them at the same time. About 90% of its content is straight out U.S. propaganda and the rest just silly clickbait and generic nonsense with a few token "opinion" pieces for plausible denial of this farce you are pushing, just like every other U.S. propaganda mouthpiece does. Half the content are just literal republications of U.S. propaganda from its primarily U.S. "collaboration partners". You can cry conspiracy now as your script demands, to deny the reproduceable facts.

Nevermind that SCMP is in the process of getting sold by Alibaba Group and purged.

As if a real Chinese newspaper would be this popular with American trolls or American media costantly citing their own propaganda laundered by SCMP as a "Chinese source".

If so why does your government not shut it down then, using the national security law?
Moreover, you blame many of their journalists from being educated/trained/lived in the U.S/West at some point. I don't see anything wrong there. There are millions of Chinese travelling to western countries this past years for education/settlement etc. In fact even your state owned broadcaster CGTN is full of Chinese who were educated/trained in the U.S/west, does that mean they should be disregarded as western stooges? lol
Moreover, China just opened up and became a normal country a few decades ago, after decades of self imposed isolation/Maoism where the country was closed off from the world and poor. So obviously Hong Ko0ngkers or most Chinese who could afford it for that matter had no choice but to look up to the west and emigrate there and to other countries for greener pastures/education etc. So it's normal that many of those Hong Kongers have been more western oriented than towards China. So can only blame China's past backwardness/weakness back then for all that. If anything, Hong Kong being a free and open wealthy democratic western oriented financial capital of Asia under British rule and maintaining their autonomy after we left has been a good thing for China. Since it was crucial to China's opening up/rise. Without Hong Kong acting as a useful gateway for investment/capital into China during those crucial times, China's rise wouldn't have gone so smoothly. Even today , Hong Kong still plays an important financial centre role for China, due to its effective and transparent regulations that are in line with international standards. The only Chinese city to conform to those, Reason it's so attractive for investors/and companies looking to list there.

 

[Kadasstr]

Debts of this magnitude blow your mind. When I took out a mortgage on a property, I couldn't believe that I would ever be able to close it completely. What scared me more was the uncertainty of what could happen over the years. I even questioned whether renting the house would pay off the mortgage. I turned to Mortgage Advice Essex with these questions. I was given a free consultation where they closed the whole list of questions and supported me every step. I strongly advise not to disregard the advice of experts to those who have taken or are going to take a loan or mortgage.

 

[beijingwalker]

 

[casual]

No idea, many countries in the list above like Japan and Singapore saw a significant jump as well.

If I can make a guess, it might be due to a huge jump in global equity prices last year, especially the US stock market. That might also explain why the NIIP of the US fell significantly further last year as well (due to the large increase of foreign ownership in domestic assets).

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But as to why HK's NIIP saw a really steep increase while mainland China's actually fell despite a current account surplus, I don't know. Maybe many wealthy Chinese changed their residency to HK last year?

China's been a commodity buying spree for the last couple of years. might be a factor

 

[Mista]

China's been a commodity buying spree for the last couple of years. might be a factor

That would be considered as imports, which would've already been factored in China's current account. Still doesn't explain why mainland China's NIIP fell in 2021 despite a current account surplus.