Date: November 24th, 2025 11:40 AM Author: Mind-boggling blue theater stage
I think it's much much worse than this because a lot of the debt is the provinces and it's hidden from the official figures, China is the real Ponzi scheme, afloat on an ocean of debt since 2008
Date: November 24th, 2025 12:17 PM Author: autistic cream public bath roommate
Debt doesn't matter globally, only locally. One person's debt is another person's asset. A particular country can go broke if it is in debt to other countries or foreign corporations--debt denominated in foreign currencies--but if a country's government debt is mostly held by its own citizens and corporations then the country can't really go "broke". By the same token the "world" can't go broke either.