Posted by qqq47660 > 2024-01-18 15:13 | Report Abuse

Japan? Japan got how many people? China got how many people? China GDP per capita only 20% of America. and China is in the sweet spot to accelerate further.

Posted by qqq47660 > 2024-01-18 15:21 | Report Abuse

China got no inflation And no foreign currency debt and unlimited tools and unlimited options

Posted by qqq47660 > 2024-01-18 15:22 | Report Abuse

And 1.4 billion geniuses who are hungry who are patriotic and who are geniuses...and 800 million moving into cities in coming years

Posted by Jefftan123 > 2024-01-18 15:30 | Report Abuse

Fast forward to today, and something similar may be emerging with regard to China. In recent weeks, China watchers have taken notice of a previously little-publicized assessment by a former adviser to China’s central bank. Li Daokui has estimated that local Chinese authorities had by 2020 run up a much bigger tally of debt than previously realized, at some 90 trillion yuan ($12.6 trillion).

There is always a reason why CCP stock market going down so fast.🤣🤣

Posted by qqq47660 > 2024-01-18 17:00 | Report Abuse

Debt mountain? Reporters know meh? All running around like loose cannons

Posted by Jefftan123 > 2024-01-18 18:37 | Report Abuse

Most of this debt came from building infrastructure, much of which is unlikely to generate revenues sufficient to pay off the obligations. With China’s trend growth rate notably lower now than it was, it leaves a burden over the long haul. National authorities have the wherewithal to resolve the problem, but it would take a major rethink in economic policy. Without a strategic shift, it leaves China heading for Japan-style stagnation.

Posted by qqq47660 > 2024-01-18 19:53 | Report Abuse

Most of this debt came from building infrastructure....lol...public debts will be written off for public good. ...its all in yuan anyway.

Posted by qqq47660 > 2024-01-18 19:55 | Report Abuse

debt of one government agency against another government agency...................u know the volume in USA meh?

Posted by qqq47660 > 2024-01-18 19:59 | Report Abuse

there is no stopping China because its time has come. competent government with united people, a country of geniuses, the real economy 2X that of USA. , by real economy I mean the productive capacity. , innovative, creative, science and technology rapidly rising.

Posted by qqq47660 > 2024-01-18 22:24 | Report Abuse

local government debts are very solvable.

Posted by Jefftan123 > 2024-01-19 08:44 | Report Abuse

Li Daokui is a Harvard-trained economist at Beijing’s Tsinghua University who served as an external adviser to the People’s Bank of China early in the last decade. In October, he delivered a lecture on his findings on the debt accumulated by China’s local authorities.

He explained that one oversight in previous estimates was a failure to dig out the basis for “capital” behind major infrastructure projects, such as a massive rail transit loop in the southwestern mega-city Chongqing. Almost two-fifths of Chongqing’s broader, near-$29 billion project came from so-called “paid-up capital.” But Li and his colleague’s analysis showed that the “paid-up capital” was effectively debt as well.

White elephants projects.🤣🤣

Posted by qqq47660 > 2024-01-19 10:27 | Report Abuse

America with 24 trillion Gdp cannot built 1 km of HSR
China with Gdp 18 trillion Gdp has 40000 km hsr and will be 70000 km by 2030.
Why?
Because America is capitalist country and China is socialist country. China is able to build infrastructure for the people and all the liabilities are in yuan anyway. So what is the problem?
I don't think hsr are built for profits anyway and the tickets are the cheapest in the world

Posted by qqq47660 > 2024-01-19 10:29 | Report Abuse

When u want to make money from hsr, it will never be built...and when it is build, tickets so expensive nobody will use it.

Posted by qqq47660 > 2024-01-19 10:30 | Report Abuse

China genius has solved the problem that seems impossible for a developing country

Posted by qqq47660 > 2024-01-19 10:38 | Report Abuse

And it's not just hsr, it's every form of infrastructure that is needed

Posted by qqq47660 > 2024-01-19 10:40 | Report Abuse

As long as all the liabilities are in yuan, what is the problem? There is no problem as long as CCP agrees.

Posted by qqq47660 > 2024-01-19 10:42 | Report Abuse

China got high inflation meh? China got rising interest rates meh? So what is the problem?

Posted by qqq47660 > 2024-01-19 10:43 | Report Abuse

China will be ok because it is a country of geniuses and they are united and patriotic

Posted by Jefftan123 > 2024-01-19 10:47 | Report Abuse

The research also determined that the fiscal wherewithal of local authorities to service their debt had deteriorated by 2020. The conclusion: “It’s clear that local governments are compelled to incur new debts to repay existing ones, which is unsustainable.” Given how growth momentum has deteriorated in recent years, the debt-servicing ability is likely “even lower now,” according to Li.

Posted by qqq47660 > 2024-01-19 10:47 | Report Abuse

Once unity is lost and u have left wing China , right wing China, every thing will be lost ..and that is exactly what America want China to do. What America want is for China to be poor like 1980 and happy to produce cheap shoes for America and nothing else

Posted by qqq47660 > 2024-01-19 10:50 | Report Abuse

The debts will be row over to eternity and written off eventually....so what is the problem?

Posted by IDQWE001 > 2024-01-19 10:51 | Report Abuse

China not following Japan, it is following North Korea.😀😀

Posted by IDQWE001 > 2024-01-19 10:53 | Report Abuse

China’s total debt rises to over 300 per cent of GDP as Beijing loosens borrowing curbs to boost growth
-The figure has risen to over US$40 trillion, some 15 per cent of overall global debt, according to data released by the Institute of International Finance
-China has eased its deleveraging campaign in a bid to aid the slowing economy amid the trade war with the United States

Posted by qqq47660 > 2024-01-19 10:57 | Report Abuse

China got inflation meh? Got rising interest rates meh?

Posted by qqq47660 > 2024-01-19 10:58 | Report Abuse

As long as China got no inflation got no rising interest rates, the party is happy to built more infrastructure for the people.

Posted by qqq47660 > 2024-01-19 11:00 | Report Abuse

In a socialist country, building infrastructure is for the people not to make capitalist rich.

Posted by qqq47660 > 2024-01-19 11:02 | Report Abuse

China is a very competitive place with over capacity in every thing. There is no way for inflation to take hold. That is good for the poor

Posted by qqq47660 > 2024-01-19 11:13 | Report Abuse

China is developing country with Gdp per capita of only 13000 SD, same as Malaysia but infrastructure far advanced than any thing in western countries.. China does not stop here and will go far ahead.

Posted by qqq47660 > 2024-01-19 11:27 | Report Abuse

The level of infrastructure in China already far exceeds that in the west and China found money to spend 1 trillion USD overseas in bri project's

Posted by qqq47660 > 2024-01-19 11:27 | Report Abuse

All that from a developing country

Posted by qqq47660 > 2024-01-19 11:42 | Report Abuse

HK terrorists are just terrorists they cannot even manage their own lives let alone manage a country

Posted by Junichiro > 2024-01-19 11:46 | Report Abuse

The above topic has already been answered in Quora in better detail. "We will find that China's government debt only accounts for 21% of GDP, which is very healthy. This means that the Chinese government can repay these debts at any time without even affecting their foreign exchange reserves and gold reserves. The Japanese government's debt is as high as 220% of GDP. Does this mean that the Japanese government is about to go bankrupt?"

Posted by Junichiro > 2024-01-19 11:53 | Report Abuse

The above ratio is government debt to GDP based on World Bank figures. Read it in Quora instead of sensational headlines from western media.

Posted by HoLeeMan > 2024-01-19 11:54 | Report Abuse

Countries do not cancel national debts denominated in local currency. It is not possible just because it is run by CCP. Cancelling debts will send shockwaves to a list of creditors. They include banks, investment funds, national savings and ordinary citizens. It will cause panic, bank runs, social unrests and political upheaval. A public uprising and turmoil which the CCP will be unable to control. The spillover of debt cancellations will rapidly infect the secondary financial sectors like properties, mortgages, Peers to Peers Lendinds etc. It will spin like a hurricane beyond control.

For every RMB debt, there is a RMB creditor waiting to be paid back. Debt is still a debt. And that 4 letter word needs to be repaid. It doesn't matter where it is or which country you are. In China, Brazil or Argentina , debt is still a debt.
You can also ask Anwar to cancell the RM1.5 Trillion nation debt tomorrow. Just wait to see what will happen to your KLSE shares prices you owned on Monday.

Cheers

Posted by Junichiro > 2024-01-19 12:05 | Report Abuse

government debt is domestic debt. The total External Debt of its government and enterprises only accounts for 13.6% of GDP .

Posted by qqq47660 > 2024-01-19 12:08 | Report Abuse

If the CCP want to pump in money from Beijing to chunking, u can stop the CCP meh?
If the CCP want to cancel debts from chunking to Beijing, u can stop Beijing meh?

Posted by qqq47660 > 2024-01-19 12:17 | Report Abuse

government debt is domestic debt. The total External Debt of its government and enterprises only accounts for 13.6% of GDP
++++


And that is the real story that matters

Posted by Jefftan123 > 2024-01-19 12:22 | Report Abuse

China's Long-term Economic Outlook Weakens
Bloomberg Economics sees GDP growth slowing more than previously thought

In much the same way, Japan’s economic growth by the 1990s was insufficient to simply pay off the mountain of debt created during the bubble years, based on real-estate collateral valued at entirely unrealistic prices. Tokyo’s response was to guide banks into offering companies forbearance, and avoiding US-style bankruptcies with all the social and labor carnage they entail.

Posted by qqq47660 > 2024-01-19 12:26 | Report Abuse

malaysia is not China...Malaysia is not able to build HSR without incurring foreign currency debts

Posted by qqq47660 > 2024-01-19 12:29 | Report Abuse

japan? Japan is a different set of problems. Japan is not able to say no to Washington and commit harakiri with the Plaza accord and dismantling of its own chip industry.

and how big is domestic economy of japan any way? can have China dual circulation strategy?

Posted by qqq47660 > 2024-01-19 12:33 | Report Abuse

japan? Japan introduced democracy in the 1990s and after that, Japan has no more unity to do any thing useful.

Posted by qqq47660 > 2024-01-19 12:51 | Report Abuse

If the CCP want to pump in money from Beijing to chunking, u can stop the CCP meh?
If the CCP want to cancel debts from chunking to Beijing, u can stop Beijing meh?


city debts of China are very solvable.

Posted by qqq47660 > 2024-01-19 12:56 | Report Abuse

some more, property taxes in China are very low, and property taxes in America are very high.
If they want to increase city revenue, plenty of tools they can use to increase revenue.

Posted by qqq47660 > 2024-01-19 12:58 | Report Abuse

but China is a socialist country . Their decisions are always based on the collective good and helping the poor.

Posted by qqq47660 > 2024-01-19 12:59 | Report Abuse

not like america which only want to keep wall street happy and the elites happy.

Posted by Jefftan123 > 2024-01-19 13:44 | Report Abuse

Another piece of Japan’s response was to keep lowering interest rates to encourage new borrowing to fund new investments. The trouble with that was the appetite to extend or take on new credit was limited. Low rates came to be seen as a symptom of Japan’s diminished potential.

Posted by qqq47660 > 2024-01-19 13:59 | Report Abuse

Jeff. Why are u looking for financial engineering ? China is advancing not by financial engineering but by upgrading science and technology and Xi jinping make in China 2025. .... America is running scared but nothing America can do.

Posted by qqq47660 > 2024-01-19 14:54 | Report Abuse

EV is a good example. China will disrupt existing industries. if America don't want to buy, China and rest of the world is a big enough market. And China will continue to produce stuffs that solve people's real problems at an affordable price

Posted by Jefftan123 > 2024-01-19 16:10 | Report Abuse

It’s no coincidence that these days China’s interest rates are also heading south. This newsletter noted last year how lower rates on savings accounts risked undermining confidence among Chinese households. Late last month, China’s big state banks cut those rates further.

Posted by qqq47660 > 2024-01-19 16:36 | Report Abuse

Interest rate go south is ok the poor people will not complain if interest rates go south