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What does "Chinese debt" refer to? - Debt owed by Chinese citizens? - Debt owed by companies headquartered in China? - Debt owed by the Chinese Govt? What a
by hackaflocka 11y ago
What does "Chinese debt" refer to?
- Debt owed by Chinese citizens?
- Debt owed by companies headquartered in China?
- Debt owed by the Chinese Govt?
What about a Chinese multinational that has offices all over the world, and has incurred debt all over the world? Is all their debt considered as Chinese debt?
- ChuckMcM 11y agoDebt instruments denominated in Yuan (renminbi) [1] [1] http://www.economist.com/news/business-and-finance/21679341-its-new-status-might-make-weaker-yuan-chinese-renminbi-joins-imfs http://www.economist.com/news/business-and-finance/21679341-...
- hackaflocka 11y agoThanks. But that's a very fuzzy concept innit? After all, currencies are convertible and fungible. All that it really implies is that the high debt levels will likely keep the value of the Yuan low.
- hackaflocka 11y agoOn a separate note, can some foreign company or government issue debt instruments denominated in Yuan? Why not? It's a convertible currency after all...
- seanmcdirmid 11y agoThe RMB is not a fully convertible currency, so no.