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There has been this little discussed massive debt overhang in China. But for comparison, I wish I could find something that compares the US debt overhang. What'
by Latteland 8y ago
There has been this little discussed massive debt overhang in China. But for comparison, I wish I could find something that compares the US debt overhang. What's the total corporate debt of the US, it must be massive. I guess "Shadow banking" debt is just a part of the debt China has, because cities and regions have large loans too.
This article says for the US, $8.7 trillion, 45% of GDP https://www.cnbc.com/2017/11/20/the-debt-time-bomb-that-keeps-growing-and-now-equals-nearly-half-of-u-s-gdp.html https://www.cnbc.com/2017/11/20/the-debt-time-bomb-that-keep.... Compare to 168% in China above.