Comments by "Vale Tudo" (@valetudo1569) on "Stephen Roach: China's explosive rally ignores risk of 'Japanese-like quagmire'" video.

Newsflash: China's debt problems are much worse than the US LOL. What a fool to make that comment...
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What about the "experts" in China. When is the last time they said anything positive about the US? It goes both ways
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In 1990 - if you told a room of economists that Japan wouldn't grow for the next 20-30 years - you would have been laughed out of the room. Let that sink in
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@roro-v3z What are you talking about? My point is that you complain experts in US never say anything good about China. I'm saying neither do the Chinese experts. I live in China and everything on the news and from experts is "USA = bad guy" so don't complain about what US experts say if you don't also complain about Chinese experts doing the same thing to the US
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@roro-v3z So now you say maybe, because we both know the experts and media in China are not humble or open minded about their opinions of the US. And you switch to "Oh yea but you started it first" - which I also don't agree with because the news in China was very negative about US far before the US changed its views. All of that stuff might work on someone who hasn't lived in China for a long time and doesn't speak Chinese or pay attention to the news, but that is not me
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@hiro0500 US total debt to GDP is somewhere around 250%. China's debt to GDP is 300%+ The number that matters is debt/gdp and not a total debt number because the US is a much bigger economy. China'd debt vs its GDP is much higher
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@roro-v3z Well clearly you don't know what you're talking about. If you were here before 2017 you should know that anti US hate was in the news and media was far before that, so you are incorrect. You need to separate the government from the people. The government has been pushing out anti US propaganda far before 2016, when the mood changed in the US. The tariffs only supercharged it and helped the government propaganda push be much more effective. The government has been directing its people for a very longtime to hate the US. The US has a lot of soft power so you could argue it wasn't as effective before the tariffs, but the effort was still being made and the sentiment was growing.
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@godzillamothra5983 This is absolutely false. You are looking at statista or some other BS site that only shows the central government debt. China hides a lot of its debt in local governments and in something called "local government finance vehicles". Looking "China's total debt to GDP" or "China's actual debt to GDP" to get a more accurate figure. Its over 300%+ at this point and much higher than the US's.
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@godzillamothra5983 This is absolutely false. You are looking at statista or some other BS site that only shows the central government debt. China hides a lot of its debt in local governments and in something called "local government finance vehicles". Looking "China's total debt to GDP" or "China's actual debt to GDP" to get a more accurate figure. Its over 300%+ at this point and much higher than the US's.
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@godzillamothra5983 Yes i'm including corporate debt, household, and government at both local and central level. Thats why my number is higher than the reported 125% you commonly hear thrown around and why the number for China is 300%+ rather than the 70% you'd see on a website like statista which only looks at central government debt. "Sure, there are some problems with it" is a massive understatement. The local gov controlling the banks is what led to the current real estate crisis. You're right, China does not have an inflation problem, they have the opposite problem - deflation. Which is arguably a much worse problem than deflation. IChina cutting interest rates can help reduce the massive problem of their debt somewhat, but I'm not sure you understand that the US also can cut interest rates and infact they just did? And the Fed chair said more are on the way. What you said about China cutting interest rates works exactly the same in the US and US just cut them and more are to come. In fact, US cutting interest rates allowed China to cut more so that the value of the yen against the dollar didn't slip even more than it has. End of the day, cutting interest rates can help a bit, but the problem is structural (just like in Japan) - investment led economy fueled by debt has a shorter shelf life than what the US is doing
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@lwmtx6156 M2 is not the same measure of GDP/Debt What I can say is China’s rapid M2 growth is closely linked to its rising corporate and local government debt. They use it for investments and infrastructure projects, but this also worsens debt issues.
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@lwmtx6156 Please explain then
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@ssuwandi3240 what is China's current total debt to GDP
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