Great post, but you have to plot debt against a country’s trade surplus, and the portion of that debt which is externally owned. From this perspective, it’s the US that’s in the danger zone. On a consolidated basis, Chinese debt is not that daunting.
Fantastic piece!
Great post, but you have to plot debt against a country’s trade surplus, and the portion of that debt which is externally owned. From this perspective, it’s the US that’s in the danger zone. On a consolidated basis, Chinese debt is not that daunting.