Wow, the annual China debt scare hype is a bit early this year. Doesn't the ABC have anything original to report? Ok, I'll make it simple so even the ABC can understand: the debt mentioned is internal, like one family member borrowing from another.
This article is very misleading. The USA and most other developed anglo-sphere nations have a higher debt to GDP if you count public and private debt together (like what this article did for China). I would have thought the ABC would be better in regards to western bias.
. Hahahahaha 'Analysts' worried about Chinese debt? The USA will NEVER pay its debt. CANNOT. If you want to learn something today, look at this: .
Oh for gods sake it has been known for years that the bubble of debt is going to consume them and the global economy with it. This not news. It will be when the global manipulators wish to transfer another swathe of wealth to themselves. March looking good for this lol.
TashTania Empty airports can also be found elsewhere: Don Quijote and the (n) ever growing air traffic Australia assumes perpetual passenger growth from China and builds its own ghost Badgerys Creek airport
Let China fail under its mountain of debt. I’ve got enough TVs, whitegoods and clothes to last out my lifetime.
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Source: abcnews - 🏆 5. / 83 Read more »