[dtennent]

There is an interesting article in the NY Times today about the level of Chinese debt. It is behind a paywall.

How Much Debt Does China Have? - The New York Times

Here is a key paragraph...

How much debt does China have?
It’s hard to know exactly because official data is scant. Researchers at JPMorgan Chase calculated last month that overall debt within China — including households, companies and the government — had reached 282 percent of the country’s annual economic output. That compares with an average of 256 percent in developed economies around the world and 257 percent in the United States.


Many of us worry about the amount of debt our country has but it looks like we are in line with most developed countries and not as high as China. A point brought up in the article was that Chinese debt has risen much faster than ours. It will be interesting to see how this plays out over the next few years.

[Bay Kid]

I owe, I owe, its off to work I go.

[Stu from NYC]

Very interesting thanks for sharing.

[tophcfa]

Well, if we want to differentiate ourselves from China, and gain a long term competitive advantage, then we should significantly reduce our friggin debt.

[mntlblok]

Originally Posted by tophcfa

Well, if we want to differentiate ourselves from China, and gain a long term competitive advantage, then we should significantly reduce our friggin debt.

Good luck with that.