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https://www.forbes.com/sites/panosm...-not-trade-war-is-chinas-biggest-problem
Well, if this article is right, China's "unofficial" debt to GDP ratio may be as high as 300%. That tends to tame worries of China being enough of an economic juggernaut to globally project military force in the same manner as the USA.
"Data suggest that China's total debt surpassed 300 percent (of GDP) in Q3 2018: robust foreign demand for Chinese bonds and the authorities' efforts to support domestic activity have all contributed to this sharp debt buildup,"
Reference:
https://www.reuters.com/article/us-global-markets-debt-iif-idUSKCN1NJ2IT
Well, if this article is right, China's "unofficial" debt to GDP ratio may be as high as 300%. That tends to tame worries of China being enough of an economic juggernaut to globally project military force in the same manner as the USA.
"Data suggest that China's total debt surpassed 300 percent (of GDP) in Q3 2018: robust foreign demand for Chinese bonds and the authorities' efforts to support domestic activity have all contributed to this sharp debt buildup,"
Reference:
https://www.reuters.com/article/us-global-markets-debt-iif-idUSKCN1NJ2IT