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China’s debt tops 300% of GDP, constituting 15% of all global debt

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Old 18-07-2019, 09:33 PM   #1
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China’s debt tops 300% of GDP, constituting 15% of all global debt

A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks.

China’s total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which highlighted rising debt levels worldwide.

The IIF is a private global financial industry association, based in Washington.

“While authorities’ efforts to curb shadow bank lending (particularly to smaller companies) have prompted a cutback in non-financial corporate debt, net borrowing in other sectors has brought China’s total debt to over $40 trillion - some 15% of all global debt,” the report said.

“Of note, onshore bond issuance suggests a big pickup in borrowing by local governments and banks this year.”

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.

To revive investment and protect jobs, Beijing has been encouraging banks to lend more, particularly to struggling smaller firms. It has also unveiled billions of dollars in tax cuts and infrastructure spending.

In the first half of this year, local governments’ total net bond issuance reached 2.1765 trillion yuan ($316.5 billion), the finance ministry said on Tuesday.

Chinese officials have said repeatedly said debt risks are manageable overall.

https://www.reuters.com/article/us-c...-idUSKCN1UD0KD
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Old 18-07-2019, 10:30 PM   #2
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A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks.

China’s total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which highlighted rising debt levels worldwide.

The IIF is a private global financial industry association, based in Washington.

“While authorities’ efforts to curb shadow bank lending (particularly to smaller companies) have prompted a cutback in non-financial corporate debt, net borrowing in other sectors has brought China’s total debt to over $40 trillion - some 15% of all global debt,” the report said.

“Of note, onshore bond issuance suggests a big pickup in borrowing by local governments and banks this year.”

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.

To revive investment and protect jobs, Beijing has been encouraging banks to lend more, particularly to struggling smaller firms. It has also unveiled billions of dollars in tax cuts and infrastructure spending.

In the first half of this year, local governments’ total net bond issuance reached 2.1765 trillion yuan ($316.5 billion), the finance ministry said on Tuesday.

Chinese officials have said repeatedly said debt risks are manageable overall.

https://www.reuters.com/article/us-c...-idUSKCN1UD0KD
CCP IBs will reply - Fake News. China is the most financially stable in the World.
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Old 18-07-2019, 10:32 PM   #3
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TS die liao rah. Commie IBs gonna give u no peace.

A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks.

China’s total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which highlighted rising debt levels worldwide.

The IIF is a private global financial industry association, based in Washington.

“While authorities’ efforts to curb shadow bank lending (particularly to smaller companies) have prompted a cutback in non-financial corporate debt, net borrowing in other sectors has brought China’s total debt to over $40 trillion - some 15% of all global debt,” the report said.

“Of note, onshore bond issuance suggests a big pickup in borrowing by local governments and banks this year.”

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.

To revive investment and protect jobs, Beijing has been encouraging banks to lend more, particularly to struggling smaller firms. It has also unveiled billions of dollars in tax cuts and infrastructure spending.

In the first half of this year, local governments’ total net bond issuance reached 2.1765 trillion yuan ($316.5 billion), the finance ministry said on Tuesday.

Chinese officials have said repeatedly said debt risks are manageable overall.

https://www.reuters.com/article/us-c...-idUSKCN1UD0KD
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Old 18-07-2019, 10:42 PM   #4
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TS die liao rah. Commie IBs gonna give u no peace.
Through such baiting threads, we give them opportunity to make their $1 per post. How dare they still not be grateful?
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Old 18-07-2019, 10:43 PM   #5
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Through such baiting threads, we give them opportunity to make their $1 per post. How dare they still not be grateful?
So said a pap ib, how ironical
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Old 18-07-2019, 10:44 PM   #6
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So said a pap ib, how ironical
See, first CCP IB just made his $1 so easily by uttering nonsense, no doubt.
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Old 18-07-2019, 10:51 PM   #7
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A bunch of ceca admirers self lppl very song. Nobody even wants to reply such unnoticeable news. But in case you want to hv some ideas, u c who is the highest debt to gdp County at 222%



Where's China, u can't find it from the red portion, guess from where?
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Old 18-07-2019, 10:54 PM   #8
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Will they follow the path of Japan?
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Old 18-07-2019, 10:56 PM   #9
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Will they follow the path of Japan?
C the chart I posted, which is self explanatory
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Old 18-07-2019, 10:59 PM   #10
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A bunch of ceca admirers self lppl very song. Nobody even wants to reply such unnoticeable news. But in case you want to hv some ideas, u c who is the highest debt to gdp County at 222%



Where's China, u can't find it from the red portion, guess from where?
Singapore is #10. This will trigger above IBs
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Old 18-07-2019, 10:59 PM   #11
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Will they follow the path of Japan?
moi hope so that they will become humble than arrogant
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Old 18-07-2019, 11:07 PM   #12
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CCP IBs will reply - Fake News. China is the most financially stable in the World.
It's financial stable because the government controls the outflow of money and being an autocratic government, policies can be quickly implemented to cool things down or to correct the market.

Obviously there are top brains working for their government that can find solutions than a certain Naveen with limited knowledge in history and economy spouting hate and acting smart on EDMW.
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Old 18-07-2019, 11:09 PM   #13
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It's financial stable because the government controls the outflow of money and being an autocratic government, policies can be quickly implemented to cool things down or to correct the market.

Obviously there are top brains working for their government that can find solutions than a certain Naveen with limited knowledge in history and economy spouting hate and acting smart on EDMW.
limited controlled economy always better than free market

just like fair trade is better than free trade

Or LKY is better than other
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Old 19-07-2019, 01:27 AM   #14
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if toking abt debt, the first one to bankrupt will be usa. printing imaginery money... dount the ts ever study economics...nv understand the meaning of hyperinflation..
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Old 19-07-2019, 01:54 AM   #15
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if toking abt debt, the first one to bankrupt will be usa. printing imaginery money... dount the ts ever study economics...nv understand the meaning of hyperinflation..
ownself print own money jin shiok
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