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Actually, of the $55 trillion in global debt, China owns $20 trillion. Much of this debt is going to developing countries. The rest is a mixture of private equi
by jbob2000 7y ago
Actually, of the $55 trillion in global debt, China owns $20 trillion. Much of this debt is going to developing countries. The rest is a mixture of private equity and governments, which would include pension funds, but they are not the largest debt holders by any means.
- littlestymaar 7y agoThere's a big confusion here: - your $55 billions is only public debt. - the private debt is way higher (more than $130 trillions). Sources: - public debt: https://www.economist.com/content/global_debt_clock https://www.economist.com/content/global_debt_clock - total debt: https://blogs.imf.org/2019/01/02/new-data-on-global-debt/ https://blogs.imf.org/2019/01/02/new-data-on-global-debt/