North Point of View: China's Debt

September 27, 2023 00:11:06
North Point of View: China's Debt
North Point of View
North Point of View: China's Debt

Sep 27 2023 | 00:11:06

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Show Notes

China’s debt to GDP ration is 297%. Some of the increase in debt is because of the belt and road initiative. They lent money to a lot of countries to build infrastructure. That infrastructure hasn’t really paid off. China also has a lot of infrastructure that’s not being used in some of the poorest cantons. High speed rails, multiple airports that have been empty they finally just shut it down. On the flip side, China is also the single largest owner of U.S. Government debt and it is making everyone nervous.

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