|
|
|
|
|
|
by propman
2802 days ago
|
|
|
US also has a lot more assets though and is an already developed economy. China’s economy will inevitably slow and for an emerging market, their debt is significant. Also, this is only local Chinese debt and not even the full picture for that. According to nationaldebtclocks, China govt debt is $5.2 trillion on paper but they suggest multiplying by at least 3.25 to account for shadow banking not on the official ledgers and local govt debt the article was talking about. |
|
|