China’s Overwhelming Debt Burden Points To Still Deeper Problems (2024)

How One Instagram Account Is Using Collaboration To Create A Positive Impact","scope":{"topStory":{"index":1,"title":"How One Instagram Account Is Using Collaboration To Create A Positive Impact","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"May 1, 2024","hourMinute":"07:00","amPm":"am","isEDT":true,"unformattedDate":1714561200000},"uri":""}},"id":"176lf7b22r0a00"},{"textContent":"

New Study Series Set To Highlight Africa’s Economic Impact Globally","scope":{"topStory":{"index":2,"title":"New Study Series Set To Highlight Africa’s Economic Impact Globally","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 30, 2024","hourMinute":"10:59","amPm":"pm","isEDT":true,"unformattedDate":1714532395141},"uri":""}},"id":"1ong8f98809o00"},{"textContent":"

Are Introverts Better Leaders In Uncertain Times?","scope":{"topStory":{"index":3,"title":"Are Introverts Better Leaders In Uncertain Times?","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 30, 2024","hourMinute":"07:16","amPm":"pm","isEDT":true,"unformattedDate":1714518973063},"uri":""}},"id":"5ge3f8h2em9k00"},{"textContent":"

How We Make Forbes Best Employers Lists","scope":{"topStory":{"index":4,"title":"How We Make Forbes Best Employers Lists","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 30, 2024","hourMinute":"06:20","amPm":"pm","isEDT":true,"unformattedDate":1714515651962},"uri":""}},"id":"ahcn2q3moh5k00"},{"textContent":"

How Inspiring Leaders Use The Power Of Storytelling To Spark Innovation","scope":{"topStory":{"index":5,"title":"How Inspiring Leaders Use The Power Of Storytelling To Spark Innovation","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 30, 2024","hourMinute":"05:48","amPm":"pm","isEDT":true,"unformattedDate":1714513716956},"uri":""}},"id":"8260k862o5hk00"},{"textContent":"

Building Career And Job Search Plans","scope":{"topStory":{"index":6,"title":"Building Career And Job Search Plans","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 30, 2024","hourMinute":"01:56","amPm":"pm","isEDT":true,"unformattedDate":1714499799498},"uri":""}},"id":"9iefdggaak8g00"},{"textContent":"

Companies Are Hiring Fewer College Grads—So Why Bother With School?","scope":{"topStory":{"index":7,"title":"Companies Are Hiring Fewer College Grads—So Why Bother With School?","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 30, 2024","hourMinute":"12:05","amPm":"pm","isEDT":true,"unformattedDate":1714493132914},"uri":""}},"id":"3dgcp1fkql8400"},{"textContent":"

Merging Remote Companies? Here’s How To Get Culture Right","scope":{"topStory":{"index":8,"title":"Merging Remote Companies? Here’s How To Get Culture Right","image":"","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 30, 2024","hourMinute":"10:29","amPm":"am","isEDT":true,"unformattedDate":1714487398318},"uri":""}},"id":"8gniod63ep4g0"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

China’s Overwhelming Debt Burden Points To Still Deeper Problems (2024)


China’s Overwhelming Debt Burden Points To Still Deeper Problems? ›

The size of China's debt problem

debt problem
Debt crisis is a situation in which a government (nation, state/province, county, or city etc.) loses the ability of paying back its governmental debt. When the expenditures of a government are more than its tax revenues for a prolonged period, the government may enter into a debt crisis. › wiki › Debt_crisis
is truly staggering. At last measure, debt of all sorts – public and private and in all sectors of the economy — amounted to the equivalent of $51.9 trillion, almost three times the size of China's economy as measured by the country's gross domestic product.

What is China's overwhelming debt burden? ›

China's debt-to-GDP ratio climbed to a new record high in 2023 despite the slow pace of borrowing, reflecting the economy's weakening growth, a new report from a state-backed think tank shows.

Why is China's debt a problem? ›

The underlying problem is structural. China has raised too much debt for the amount of demand there is in its economy - an imbalance that could get worse before it gets better. The housing market has been the linchpin of Chinese growth. Its success drove local government revenues.

Is China deeply in debt? ›

In 2023, aggregate local government debt had risen to 92 trillion yuan ($12.58 trillion) and the central government of People's Republic of China ordered its banks to roll over debts in a debt-restructuring. China's gross external debt in 2023 was $2.38 trillion.

Does China have more debt than the United States? ›

Debt as a share of GDP has risen to about the same level as in the United States, while in dollar terms China's total debt ($47.5 trillion) is still markedly below that of the United States (close to $70 trillion). As for non-financial corporate debt, China's 28 percent share is the largest in the world.

Does the US own any of China's debt? ›

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

Who owns most of China's debt? ›

Analysts estimate that two-thirds of corporate debt is in the hands of China's sprawling state-owned enterprises, many of which are unprofitable and inefficient.

Is China's debt worse than the US? ›

China's debt is more than 250 percent of GDP, higher than the United States. It remains lower than Japan, the world's most indebted leading economy, but some experts say the concern is that China's debt has surged at the sort of pace that usually leads to a financial bust and economic slump.

What would happen if China called in all US debt? ›

Consequences of Owing Debt to the Chinese

The reality is very different than the rhetoric. If China called in all of its U.S. holdings, the U.S. dollar would depreciate, whereas the yuan would appreciate, making Chinese goods more expensive.

What country has the highest debt? ›

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

Why do we owe China so much money? ›

China focuses on export-led growth to help generate jobs. To keep its export prices low, China must keep the renminbi low compared to the U.S. dollar. U.S. debt to China comes in the form of U.S. Treasuries, largely due to their safety and stability.

Do we owe China a lot of money? ›

That's 19 percent of the $6.26 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $21 trillion national debt is owned by either the American people or by the U.S. government itself. China holds more than the $1.07 trillion held by Japan.

Who owes China the most money? ›

These countries owe China billions. Some are struggling to pay
  • Kazakhstan: $64.2 billion (£51bn) total debt. ...
  • Angola: $64.8 billion (£52 billion) total debt. ...
  • Pakistan: $68.9 billion (£55bn) total debt. ...
  • Venezuela: $112.8 billion (£90bn) total debt. ...
  • Russia, $169.3 billion (£134bn) total debt.
Feb 26, 2024

How much land does China own in the United States? ›

According to a 2021 report by the Department of Agriculture, China owns 384,000 acres of American agricultural land; ownership which jumped by 30% from 2019 to 2020.

What country owns most of the United States? ›

Which countries own the most land in the U.S.?
  • CANADA. 31%
  • Other. 28%
  • ITALY. 7%
  • GERMANY. 6%
  • PORTUGAL. 3.6%
  • FRANCE. 3.2%
Mar 29, 2024

Who owns most of America's debt? ›

The major international owners of US debt include Japan ($1.1T), China, UK, Belgium, Switzerland, Cayman Islands and smaller amounts from the rest of the world. After the recent weak treasury auction, US government officials warned that they are seeing waning demand from international buyers.

Which country has the highest debt burden? ›

The debt to GDP ratio can serve as a metric for evaluating a country's fiscal health and its level of debt sustainability. Japan has the highest debt to GDP ratio, standing at 262%. This is followed by Venezuela at 241% and Greece at 193%.

How much money does China owe in debt? ›

China: National debt from 2019 to 2029 (in billion U.S. dollars)
CharacteristicNational debt in billion U.S. dollars
7 more rows

Top Articles
Latest Posts
Article information

Author: Mr. See Jast

Last Updated:

Views: 6186

Rating: 4.4 / 5 (55 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Mr. See Jast

Birthday: 1999-07-30

Address: 8409 Megan Mountain, New Mathew, MT 44997-8193

Phone: +5023589614038

Job: Chief Executive

Hobby: Leather crafting, Flag Football, Candle making, Flying, Poi, Gunsmithing, Swimming

Introduction: My name is Mr. See Jast, I am a open, jolly, gorgeous, courageous, inexpensive, friendly, homely person who loves writing and wants to share my knowledge and understanding with you.