Comments by "Vale Tudo" (@valetudo1569) on "Infrastructure spending is becoming important again as China's economy faces downside risks: UBS" video.

This dude sounds like a salesman for why this infrastructure package is a good thing for China. Lets be clear - this is a debt-fueled stimulus package through a channel that suffers massive diminishing returns on investment and should have been stopped 15 years ago or so. China is already facing massive debt to GDP ratios and this will make the de-leveraging that is to come - much more painful.
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@spider6660 So this is factually not true. China hides a lot of it's total debt by only giving the debt of the central government, they don't include the massive amount of corporate debt held by the private and state sectors, nor the local government debt. All of these stat websites only show the numbers China officially states, because normally you could trust those from any of the major economies (not in China's case). In 2019 the Institute of International Finance (IIF) estimated their total public date was over 300% of GDP. They have only added to that debt since the pandemic began (especially as of recently) and economic growth has slowed further. The South China Morning post said - China’s overall debt was 270.1 per cent of gross domestic product at the end of 2020, up from 246.5 per cent at the end of 2019 So, what you said is incorrect. They actually have much much more debt to GDP ratio than all of the countries you mentioned. They just cherry pick which "debt" they choose to list or officially state as "China's debt to GDP" to give some context - the US has a major debt problem and their debt to GDP ratio was 126%
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