As the world’s second-largest economy by nominal GDP, China has actively sought to conduct international trade with its commercial partners using its own currency rather than the United States dollar
China’s total debt burden is already larger than that of the United States and has long surpassed 300 percent of its GDP. The public debt accounts for more than 40 percent of the total debt, but has been rising sharply in recent years.
China could probably raise even more debt than America. I’m just looking forward to number go up
Oh is it their turn to start attacking critical trade routes for no reason?
China’s total debt burden is already larger than that of the United States and has long surpassed 300 percent of its GDP. The public debt accounts for more than 40 percent of the total debt, but has been rising sharply in recent years.
Literally why?