- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Chinas debt rose to 40 Trillion USD, 304% of (supposed) GDP
Posted on 7/17/19 at 3:33 pm
Posted on 7/17/19 at 3:33 pm
From the South China Morning Post.....
Does not include shadow banking nor the fact their GDP is probably inflated by a couple of trillion.
Ponzi and Maddow are in awe, this cant go on much longer, they are in an economic territory no country of this size has been in before.
quote:
China's total debt burden rose strongly in the first quarter of 2019 as Beijing allowed more loans and local government bond issuance to help shore up the slowing economy, according to estimates by the Institute of International Finance.
The figure stood at nearly 304 per cent of its gross domestic product (GDP) in the first three months of the year, up from 297 per cent a year earlier, the US-based trade association said.
The Chinese government has sought to rein in corporate debt by restricting borrowing through informal channels, known as shadow banking. While the restrictions have prompted a reduction in corporate debt in non-financial sectors, net borrowing in other sectors has surged, bringing total debt to over US$40 trillion – some 15 per cent of overall global debt, according to data released by the Institute of International Finance.
Does not include shadow banking nor the fact their GDP is probably inflated by a couple of trillion.
Ponzi and Maddow are in awe, this cant go on much longer, they are in an economic territory no country of this size has been in before.
10
Posted on 7/17/19 at 3:35 pm to trinidadtiger
Trump should announce more tariffs. I B Chinaman would go in to full melt.
Posted on 7/17/19 at 3:35 pm to trinidadtiger
IB chinaman gonna b mad
Posted on 7/17/19 at 3:36 pm to trinidadtiger
Communism.
Winning.
Winning.
Posted on 7/17/19 at 3:36 pm to TeLeFaWx
quote:
I B Chinaman
Posted on 7/17/19 at 3:36 pm to trinidadtiger
It's almost like a billionaire business man knew this would happen
Posted on 7/17/19 at 3:37 pm to trinidadtiger
People have been warning of a chinese economic collapse for 10+ years
Posted on 7/17/19 at 3:37 pm to trinidadtiger
Could China collapse ala the USSR?
This post was edited on 7/17/19 at 3:39 pm
Posted on 7/17/19 at 3:39 pm to bmy
They have? Link?
Posted on 7/17/19 at 3:39 pm to trinidadtiger
IB90proof is gonna meltdown
Posted on 7/18/19 at 9:28 am to bmy
Thieving bastard
Posted on 7/18/19 at 9:29 am to trinidadtiger
They have emulated our consumption debt based economy fairly well.
Posted on 7/18/19 at 10:13 am to TigerDog83
And they are bleeding dollars right now. The NPLs in their shadow banking portfolio are at astronomical rates.
Posted on 7/18/19 at 10:20 am to trinidadtiger
IB Chinaman is going to be upset about this.
Posted on 7/18/19 at 10:21 am to trinidadtiger
MakeChinaSuckAgain
Posted on 7/18/19 at 10:22 am to TigerDog83
quote:
some 15 per cent of overall global debt, according to data released by the Institute of International Finance.
Damn.
Posted on 7/18/19 at 10:34 am to wutangfinancial
quote:
And they are bleeding dollars right now. The NPLs in their shadow banking portfolio are at astronomical rates.
And shadow banking is 9 trillion more debt. Plus there is at least another 5 trillion loaned to 3rd world countries with little revenue to payback, and trillions loaned to state companies operating construction projects in 3rd world countries that are "pass through" and not picked up.
Does anyone know exactly what they owe? And you wonder why they want the trade deal to end, a Ponzi scheme only works if you can churn and burn, once the cash flow slows down it gets ugly quick.
Posted on 7/18/19 at 10:45 am to trinidadtiger
Wonder when they start demanding US pay up on the debt we borrowed from them. If we can bankrupt them and split them up might be a good way to knock a few trillion off the deficit.
Posted on 7/18/19 at 11:16 am to goofball
Why would I be upset about this???
I would like to know if that is aggregate debt or simply the debt of the government.
Either way this is EVIDENCE that we do not need punishing tariffs on Americans. No economy can sustain massive subsidies without negative economic ramifications.
The goal of many of you posters here is to hurt China. You don't mind hurting Americans so long as China is hurt worse. It is twisted logic. If that logic is expanded you should be very happy China is working itself into a debt mess selling goods to cheap. Why discourage them by imposing tariffs on Americans?
I would like to know if that is aggregate debt or simply the debt of the government.
Either way this is EVIDENCE that we do not need punishing tariffs on Americans. No economy can sustain massive subsidies without negative economic ramifications.
The goal of many of you posters here is to hurt China. You don't mind hurting Americans so long as China is hurt worse. It is twisted logic. If that logic is expanded you should be very happy China is working itself into a debt mess selling goods to cheap. Why discourage them by imposing tariffs on Americans?
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News