It is all about keeping China down and out...

[Götterdämmerung]

An appeal to race prejudice? Really?

Yada yada yada. Cry me a river!

 

[Shotgunner51]

USA's debt-to-GDP ratio is hovering around 71-100 %.
China's debt-to-GDP ratio is a massive/chronic 250 %.

What “debt”?

1. On domestic debt market: check "Domestic Credit to Private Sector", as percentage of GDP, US 188.8%, China 153.3%, which one is more massive/chronic?
2. On external/international: check "Net International Investment Position", even a kid with basic literacy knows that US has already sunken to become world's number one largest debtor nation, but China is exactly opposite, has become a creditor nation, sarcastically also number one largest in the league (Mainland + HK + TW has surpassed Japan, followed by Germany). Why compare the two opposite extremes? Moreover, both continue to grow in exactly opposite direction, with no end in sight.

https://bea.gov/newsreleases/international/intinv/intinvnewsrelease.htm
Note: Biggest item contributing to US overall negative position is portfolio investment, in which the biggest item is national/government debts hold by foreign creditors. ​

These are cruel undeniable realities, unless you are completely illiterate, either you spread lies or you just troll deliberately.

http://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS?year_high_desc=true
https://defence.pk/threads/whos-worlds-4th-largest-creditor-nation.455610/

 

[Solomon2]

...even a kid with basic literacy knows that US has already sunken to become world's number one largest debtor nation, but China is exactly opposite, has become a creditor nation, sarcastically also number one largest in the league. Why compare the two opposite extremes? Moreover, both continue to accelerate in exactly opposite direction, with no end in sight.

Yeah, this is the part Chinese seem to have difficulty with, that it's necessary to issue debt to establish the renminbi as a competitor to the dollar. Because as long as you're a "creditor" nation people just want to earn yuan to pay for Chinese goods, but if you issue and honor your debts people will want to hold onto their Chinese currency.

 

[Shotgunner51]

Yeah, this is the part Chinese seem to have difficulty with, that it's necessary to issue debt to establish the renminbi as a competitor to the dollar. Because as long as you're a "creditor" nation people just want to earn yuan to pay for Chinese goods, but if you issue and honor your debts people will want to hold onto their Chinese currency.

Wrong.

• China officially calls for use of supra-sovereign currency, possible means include SDR, not sovereign currency. China conducts bilateral currency swaps with trade partners to facilitate payment, not to compete with anyone.
  
• It's not about a nation's investment position, it's trade that potentially drives demand for an exporter's currency. China is the largest exporter, both in gross and net, but when only dollar can buy oil from Saudi, China naturally accepts dollar as payment.
  
• Like most nations, China does issue, and honor, sovereign bonds which are mostly hold by domestic investors. US government needs to issue far more for one simple reason - huge budget deficits every year. If you mean credit rating, China has its own agency, thanks, you know how US agencies perform in Euro debt crisis as well as in 2008.