The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag and a cautious outlook regarding a potential recession..
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@Dr.Kay_R WRONG AGAIN. China's economy is 4.5X that of india's, with GDP per capita for Chinese $13,160 vs $2,850 for indians. The largest economy, the US, in 2023 grew by 3.1% vs China's 5.3%. So the US's growth also is "unsustainable" ???
China's GDP is 17.8 trillion US dollars, with a growth rate of 5% and an added value of 90 million US dollars.. India's GDP is 3.5 trillion US dollars, with a growth rate of 7% and an added value of 24 million US dollars.. Who is the fastest-growing large economy in 2023? India and Western Media: India Real World: China Is China's economy and politics collapsing? Indian and Western media: Yes Real World: Are You Joking?
The real reason is that US forces Philippine to engage China in South China Sea, challenging the 9 dash lines claim by China. If you challenge, of course China will respond. And that response becomes part of the narrative that China is bullying its neighbors. But the reality is, if you don't provoke, China will leave you alone.
So when the provincial governments talked to the bank it is still an internal financial problem and it does not mean the Chinese banks can't deal with the problem . China does control 4 of the biggest banks in the world. 13 trillion debt over a 20 trillion economy, that is about 65% of GDP and that is about 20% lower than India's debt to GDP in 2023. India had a debt at 86% of its GDP in 2023 and only drop to 81% in 2024. Remember India also has poor credit rating than China, India's credit rating is BBB and China AA+
Regardless of what you say about China, its economy and its people will experience a much better quality of life than India and its people. Why do you not speak every day about the tens of millions of Indians who are born, live and die on the streets of India. Instead of repeating the American lies about the great country and people of China. Perhaps, your government would be shamed into doing much more for the beautiful people of India.
really !!.. India debt is 3.5 trillion and its GDP is 3.75 trillion. China debt is 13 trillion and its GDP is 18 trillion !! by that standards India should be in much deeper S than china !!! Get a life palki
Official data from the Reserve Bank of India shows that household net financial savings fell to 5.1% of GDP in 2022-23, well below its long-run annual average of 7.0-7.5%. Indian households' net financial savings fell as much as four percentage points in the past two years as they ploughed it to build real assets such as homes and vehicles. This is exactly what happened to Greece prior to its devastating financial crisis of 2008
Don't compare with Greece. India is much faster growing economy so the % is misleading. 5.1% of GDP is still a very high number and is much better that 7.5% from say 2000.
The thing is USA has printing press that runs the world. If Yuan can become like USD then China may get a get out of jail free card...but they are not getting there easily
In 2022, India's national household savings rate stood at 22% of GDP. Last year, it went down drastically to 11%. Today, it's only 5.1%, the lowest level in 49 years (Chinese national household savings rate is at 47% FYI). So much so that IMF has warned India on several occasions, to no avail. Everyone knows India's economy relies heavily on consumption but at this rate, India might well be the next Greece in the making. BTW, Greeks were proud of their fastest growing economy in the EU prior to the Greek Financial Crisis of 2011
they are selling it piece by piece. thats why the US economy is getting worse as well. japan and saudi arabia are doing the same. selling american bonds.
@@aldrintoribio1637 In India, ALL the media is radically biased, not true for all countries. More objective are: UK - Channel 4 US - Democracy Now HK/China - SCMP
@Dr.Kay_R You are wrong; even here pathetic palki insidiously tried to maximize the Chinese debt. Who cares about the debt of local governments ??? It is the national debt that is most important; for Beijing, it is 9.6 T. The Chinese also have a massive domestic savings of > 8 T.
@@Jd-tu6oz That will send inflation through the roof with everyone dumping all bonds in China. Only US can do it because it has the world's reserve currency. No other country can.
Rising debt payments are eroding the purchasing power of Indian households as the country saw its national household savings rate plunge to its lowest in half a century, at a mere 5.1% as of Dec 2023, down from 7.3% last year. This could lead to severe repercussions for the Indian economy in which domestic consumption is the main driver. Bloomberg, 12 Jan2024
18trn ? says who , there is a nexus between us and china to cook up gdp numbers neither the us has a gdp of 30trn dollar nor china has a gdp of 18trn dollar
In 2009, one of my old colleagues showed slides of high rise hotels there being, in his words, EMPTY, for the purpose of their ego that business and tourism will flood in. Urbanization began way earlier but that gamble paid off for major cities only, while infrastructure in rural areas is still awaiting local residents to fill in.
So what Some time ago, an American fighter jet crashed in the South China Sea F-35 and the same fighter jet F-35 Left it on auto pilot and don't know were it crashed😂 in USA when it come to yr daddy USA your mouth shut bt when it come to india u bark 🐕
@@phillipchan6919 ohhh son, we r really scared...please stop🤣🤣 do u thing India don't have any counter-measure...your whole shipping lane pass from Malaca stait where India has build their base...try doing mischief in the north, India will strangled u in the Ocean🤣
@@robinrahul2176 It is your freedom of speech democracy India news media that deletes your comment. We don’t have this function to change foreign media.
The Chinese's downfall is very exaggerated. The Chinese are positioning themselves. They didn't come this far to simply collapse. They are watching and observing the geopolitical stage to adjust their strategies.
Former Chinese Premier Zhu Ronji said that over relying on the fixed asset investments(Infrastructure projects) are unsustainable. However PRC domestic consumption is not strong enough for stimulating GDP. He did not have a choice for stopping the expansion of the economy with very high level of debt. Borrow and build, Build and Sell and Borrow and build cycles. Property prices are cooling down after the peak in PRC. Shining airport, tallest towers and high speed trains are looking good. However not all of them are profitable like Beijing to Shanghai HSR. Investing without good returns like wasting time and money for showing off the modernization with national pride. Property prices are cooling down after the peak. Shining airport and high speed trains are looking good. However not all of them are profitable like Beijing to Shanghai HSR.
As a proud Indian🇮🇳, I really love ♥ and have a lot of respect for the incredible work of your really interesting story on Gravitas *How British looted 45 trillion from India* which is as a masterpiece of the highest quality. Its content is truly inspiring and I thoroughly enjoy watching it. The dedication, talent and hard work poured into the video are greatly appreciated by many. The Indian Union Public Service Commission has also deliver a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC," is equally astounding. The Indian government consistently produce insightful and thought-provoking articles of the utmost caliber. I sincerely hope they continue to produce such captivating exceptional work. Can it even get better than that? They deserve an award for best report of the year. Thank you for telling the truth.
If India says that China is not doing well, I just can't imagine how horrific it must be in India. This is like an F - grade student telling an A+ student he is not doing well. - China is 60 times richer than India. (I know it's unfair that the British looted 45 trillion from India, but it is what it is). - China's economy is 6 times larger than India's. - China's yearly growth is 5 times greater than India's. - China has better living conditions and healthcare; on average, they live a whole decade more than their Indian counterpart. - China launches 20-50 times more rockets than India into space every year. - China is a lot more intelligent, with an IQ of 104 compared to India's 76. - China is more athletic and stronger than India, winning 38 times more gold medals than India in the world olympic games. - China's reserves is 7 times larger than India's reserves. - India is forced to use the Chinese currency when purchasing oil from Russia, Iran, or Venezuela. Due to weak & undesirable Indian Rupees. - China has 21 times more companies in the Fortune 500 than India. *Rovers on Mars* China: Yes India: No *Brought back Lunar Samples* China: Yes India: No *Humans in space* China: Yes India: No *Space station orbiting above us right this moment* China: Yes India: No *Indian News* FirstPost: China overtakes US to become world's richest nation Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth Indiatoday - China overtakes US as world’s richest nation Tribuneindia - China overtakes US as world’s richest country Businessinsider india - China overtakes US as the richest country in the world Thequint - China Overtakes US as the World's Richest Nation Hindustantimes - China overtakes US to grab top spot in list of richest countries Indiatimes - Global wealth surges as China overtakes US to grab top spot NDTV - China Is Now World's Richest Nation, Ahead Of US NewsX - China Overtakes US As World's Richest Nation India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot Timesofindia - Global wealth surges as China overtakes US to grab top spot Newindianexpress - China overtakes US as richest country in the world Oneindia - China overtakes US as the richest country in the world News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश! Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश List of countries by GDP (nominal) Medal Tally | Tokyo Olympics 2021 List of countries by FOREX reserves Fortune Global 500 2021 | Full list of ranking Spaceflights in 2021 Average IQ by Country 2022 *USA News* BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot Yahoo Finance - Global wealth surges as China overtakes US to grab top spot *Japanese News* Nikkei - China overtakes U.S. in national net worth to grab top spot *UK News* Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing. 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. New York Times: Banking crisis imperils China 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010: Nouriel Roubini: Hard landing coming in China. 2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012: American Interest: Dismal Economic News from China: A Hard Landing 2013: Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2018. CNN: Forget the trade war, China's economy has other big problems 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? .... Yet it's already 2023 and China's economy is still going strong. GOD WILL ALWAYS BLESS CHINA AND ALWAYS BE WITH CHINA...!!! 🙏🙏🙏🙏🙏 ✝️🇨🇳GOD BLESS CHINA🇨🇳✝️
The problem is that every country is in debt and no one is taking any effort to reduce it. I predict that we may go through a Debt Depression to correct this.
But US makes and has more money then China. Imagine this. You owe 10 dollars and have 15. Some other guy owes 1,000 dollars and he has 100,000. It's also a lot of foreign debt. Much of Americas debt is government bonds
@david4360 the $ money is much powerful than the China plus the US have the most gold reserve 31$ debt isn't really far from China debt go back to school
India's legends: "Those who dig taps for everyone once falls in his own trap" is true. Proud to be an Indian 🇮🇳 POV: Karma never forgive anyone. Hare Krishna🙏🙏
You're missing a point here. There are no private banks in China. All are state-owned financial institutions. The CCP could easily restructure debts owed by business enterprises and local governments. Chinese debt are mostly in Chinese currency, which makes it easier for the government to manage. How can Indians with a credit rating of BBB- comment on Chinese debt, with a credit rating of AA+
😅Despite similar population number at 1.4b, India only have 672m workforce vs 931m for China. 48% Indian worked to support the others 52% unproductive population vs 66% Chinese worked to support the others 34% unproductive population. India: Population 1.4b Male 700m = 73% labor force participation rate Female 700m = 23% labor force participation rate (On par with Somalia, Pakistan, Palestine) Total workforce = 511+ 161 = 672m Literacy Rate = 69% Educated workforce = 463m Grain production = 330 million tons Grain Reserve = 700 million tons Comparing India to China is akin to comparing Pakistan to Japan , Bangladesh/Nepal to South Korea , Sri Lanka to Taiwan . One group is influenced by Chinese civilization, the others group is influenced by Indian civilization. Two different class. One is Yellow the others is Brown/Dark. One uses chopsticks, the others uses bare hand. The most developed country in ASEAN is Singapore, a nation populated by predominantly Chinese an East Asian origin people. One group collectively & consistently ranked within the world top 10-20 in IQ Test, PISA Score, University Rank, International Collegiate Programming Contest (ICPC) & Mathematical Olympiad standing shoulder to shoulder with western world ....while the others group collectively & consistently ranked somewhere in the middle out of 100+ participant nation standing shoulder to shoulder with some failed states & banana republic. It's like comparing some Africans countries with Europe. No developed countries exist outside of Western & East Asian world.
Compared to most countries in the western countries as well as India, have debt equal to or higher than their gdp, so China’s economy is still way better that India and the US when you compare debt to GDP.
The net financial savings of households in India has fallen to a five-decade low of just 5.1% of the GDP in FY 2023. It was 11.2% in FY 2022. This is a worrying development, because a high savings rate has traditionally correlated with a healthy growth rate. In other words, IMF cautioned that India's GDP growth is solely based on debt and is highly unsustainable. Which could lead to a Greek-styled financial crisis
18trn ? says who , there is a nexus between us and china to cook up gdp numbers neither the us has a gdp of 30trn dollar nor china has a gdp of 18trn dollar
According to the IMF report on the Indian economy as of Dec2023, India's public debt is mounting at an alarming rate and could breach the 100% to GDP ratio by 2025, from the present 86%, if no cuts to excessive spending by the central government continues at current rate. India is already spending a hefty 40% of its union budget, just to service its existing debt, the highest in the developing world. This could leave the Indian gov't very little room to invest on development projects, unless the cycle repeats itself, by resorting to more loans
India's economy has 25 years of solid growth ahead of it. Debt at this point means nothing. It is one of the few large countries where financialization has not taken place.
The important lesson to internalize is if India can make peace and respect the Europeans/British, even becoming good friends with the British and European nations despite them causing great suffering to Indians for half a millennium. संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC,". Then I believe there is a future where China and India can also be good friends. I support this as a proud Indian
@@gskylexkk7280 but bot or not, doesn't it seem right? I can never understand, why people of India, hate China so much. If the reason is the border war between china and India in 1969, India has more reasons to hate Europeans. I mean really, at the end of colonisation, leaving behind an Indian textile industry, once flourished, in total ruins, a population with a overall literacy rate of 3%, a famine that caused nearly a million people in Kolkata ( or may be more-check the figures), and many more crimes. And also, harming the indian soreign integrity by dividing the country and making new countries (Pak, and Ban). and many more like this. really, in the face of this, can you really carry a grudge over a nation that had a border war with you nearly 50 years ago, and ever since pretty much lived peacefully with India, barriong minor skirmishes. Please educate me.
Debt servicing (payments of interests on loans) only accounts for 7% of China's national budget whereas it's a staggering 39% of India's union budget. Worse, of India's $550 billion union budget for 2023/24, $245 billion (45%) is from borrowed money, against a revenue of $305 billion. Who's facing a debt crisis one may ask
That's China's national debt. The video is speaking of China's provincial debt. China's national debt, provincial debt, and state owned business debt is over 300+% to GDP.
It is weird that a nation with $3 Trillion GDP is worrying the health of a nation with $17 Trillion GDP (and still growing at 5%). China is popping the house bubble so to divert the resources to EV cars, computer chips, large scale ship building, green energy and many other high-end manufacturing. It is equivalent of shedding fat for muscles. And the Chinese trade with the world is growing, not declining. Its manufacturing capacities are getting stronger. In particular, the trade with US is maintained and growing through conduits like Vietnam and Mexico. The only real concern is that given the prolonged trade war with US, and the likelihood of yet another Virus War with US, Chinese are less inclined to spend as much as before. But with the new stimulus packages to ensure a 5% growth rate in 2024, there might be some pick up on consumption.
17 trillion of fake GDP. These are CCP numbers. Real economic size of China is 5 trillion and it is heavily leveraged with that leverage beginning to crumble.
China's debt-to-GDP ratio is 87.4 this year. This puts China in 28th place in the highest debt-to-GDP ranking. If you look at the country's infrastructure development, that's not much. The United States is in sixth place in this ranking, France in eleventh place, Italy in fifth place and Japan in first place. Now the Indian media want to say that you should suppress your development in order not to take on debt. I don't think we need to fool ourselves. Living conditions are better and more stable in China or Japan than in India.
The imperative lesson to understand is that if India can make peace and respect the Europeans/British, even becoming good friends with the British and European nations despite them causing great suffering to Indians for half a millennium. संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC,". Then I believe there is a future where China and India can also be good friends. I support this as a proud Indian
USA is afraid that china will take his No.1 power position. That is the reason they are acting as a friend to india . If india reach 2 nd position. They start destroy india economy also. Russia and Japan is the only true friend of india. But china is the only country that control Islam country.
That's different because USA is debt and it can pay in dollars which gives US evil option just to print money and can pay them as debt that's worst than anything. But china is 13 trillion dollars debt that too in dollars which China doesn't have control which makes them vulnerable to fall into viscous debt cycle to pay the debt can impact Chinese economy
They built too much infrastructure and now have tons of construction machinery and companies sitting around collecting dust. That's what happens when all future demand is pulled forward.
China debts are internal debts which they can manage themself. Unlike India, China is a trade Positive country. They got enough foreign currencies to service their foreign debts.
@@Ijustfindout India is a trade deficit country! Where do they get the foreign exchange to pay for it?🤔 When the Indian rupees is not convertible. India is better than the best 💪🏽
Madam... Lets wash "ours" before we try to wash "others". The debt of our state governments like Andhra Pradesh which is promising to give "Alcohol at a cheaper rate" just to win election is ALARMING! We should observe China and others closely because we may need to adopt similar strategies as we're surely going to face a similar situation.
China's exports saw an unexpected increase in the first two months of 2024, official figures showed on Thursday. The General Administration of Customs said exports rose by 7.1% In January and February combined, reaching a trade surplus of $125 billion (€114.7 billion).
India🇮🇳 joined QUAD for one reason and one reason alone, to counter China's🇨🇳 unstoppable rise to the top. However, India is running a huge trade deficit with the PRC. Which is definitely not helpful in countering China. Worse, China keeps saying NO to India's constant begging for a permanent seat at the UNSC with veto powers while Indians keep buying Made in China
The concept of fiat money, or money created "from thin air," can be traced back to ancient China. The first known use of fiat money was during the Tang Dynasty (618-907 AD) and became more prominent during the Song Dynasty (960-1279 AD). The Chinese government issued paper money, called "jiaozi," which was backed by the state rather than a physical commodity like gold or silver. The Masters of Fiat
It seems that over the centuries, there have been individuals and authorities who have experimented with systems that allow them to manipulate or exploit the monetary system to their advantage, often at the expense of other participants.
Why is India's credit rating so low, at BBC- which is close to junk status A) India's economy is based on debt fuelled artificial growth strategy B) India is the country with the highest budget deficit, relying on borrowings to fund its central expenditure C) Foreign equity investors are leaving India D) India's a trade deficit country, meaning it imports more than it exports E) All the above
The Sustainable Development Report by the World Bank ranks India 151 out of 163 nations. In other words, India's GDP growth is unsustainable in the long run. Based solely on government deficit spending and domestic consumption induced by cheap credit. Which led to soaring public debt-to-GDP ratio and a household savings rate of just 5.1%, the lowest in India in 49 years (China = 47%)
18trn ? says who , there is a nexus between us and china to cook up gdp numbers neither the us has a gdp of 30trn dollar nor china has a gdp of 18trn dollar
@@lakshmisnair408the Chinese are saying the same with Modi aka feku. They wish him success in the coming election so he could help his buddies make 💰 and Indians unemployed
The debt issue is not limited to China, it is everywhere. The only solution is to print more money to cover those debt and share the losses with all people except those who print US dollars.
Palki,why don't you give some comparative numbers like Debt to GDP of India and China.It seems you are taking pleasure by giving China's dismal ( according to you) numbers.But let us see where does India stand with respect to China.
Debt crisis? Here is the data for India. Reuters December 22, 2023 NEW DELHI, Dec 22 (Reuters) - The Indian government said on Friday a warning from the International Monetary Fund (IMF) that the country's debt to GDP ratio could hit 100% was a worst-case scenario, and not a "fait accompli". The IMF, in a so-called article IV review, said India's general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028. India's finance ministry said this was "a worst-case scenario and is not fait accompli". India's debt to GDP ratio, which was 81% in 2022/23, may decline to below 70% in the same period under favourable circumstances, the IMF report also said, according to the ministry. "Therefore, any interpretation that the report implies that General Government debt would exceed 100% of GDP in the medium term is misconstrued," the ministry added.
US is more than 30 trillions dollars in debt. How about India?In 2021, the national debt of India amounted to around 2.36 trillion U.S. dollars. Projections show an upward trend, with a significant increase ... Though, India is doing well in terms of its economy. India's Current GDP (As of Q3 FY24): $4.11 trillion · India's GDP Growth Rate (Q3 FY24): 8.4%.
Indians 🇮🇳 are proud of their Indian-origin CEOs working for foreign Multinational Corporation. Chinese 🇨🇳 are proud of their 145 Multinational Corporation on the Fortune500 list A tale of 2 very distinct people with totally different mindsets 👉Countries with the highest number of companies on the Fortune500 list 2022: 1. China (145) 2. USA (124) 3. Japan (47) 4. Germany (28) 5. France (25) 6. UK (18) 7. South Korea (16) 8. Switzerland (14) 9. Canada (12) 10. Netherlands (11) 29. India* (7)👈 *Mostly state owned monopolies and not private companies
$13 trillion dollar debt in a $18 trillion economy like China's, is actually not that bad. Roughly 70% debt-to-GDP, which is better than India's 90% debt-to-GDP. IMF recently warned India on its soaring debt which would soon breach the 100% mark next year. Yet, India's finance minister brushed it aside with her own distorted counter arguments. As everyone expected
That's provincial debt, not national debt. The United States debt amongst its 50 individual states and local governments is 3.3 trillion. When added to the national debt of 34 trillion it's 37 trillion total. China's total is 54 trillion dollars when national, provincial, and state owned business. Its GDP is also inflated by infrastructure projects that add zero value. Building trains to nowhere, or a 3rd airport for a tier 2 city to boost economic numbers is silly.
Actually $13B is just local Gov. debt. Banks, National Gov, other Gov controlled entities also have massive Debts totaling nearly 300% of GDP. Which would be around $50B.
Original debt is 200 billion rest is investment by business mens ok on india,s demand and essentials steps.. plus with highest gpd growing percentage wanna listen more??
China's debt crisis ？？？？ China's debt to gdp is lower than India's and most of China's debt is domestic. The United States is the world's largest debtor country, and Japan is the world's largest debtor country. China's trade growth hit a new high in February 2024, up 10 percent, imports up 6 percent, and 8 percent in the first two months of the year.
Major global financial institutions have upgraded their forecasts for China’s GDP growth in 2024, a signal of surging international confidence in China’s economic outlook  and a strong rebuttal to the “Peak China” rhetoric.  ADB: 4.5% to 4.8%  Goldman Sachs: 4.8% to 5%  Morgan Stanley: 4.2% to 4.8%
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag and a cautious outlook regarding a potential recession..
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?
I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
If you want something said, ask India
If you want something done, ask China
If you want something destroyed, ask America
Tofu quality 😂
So true! I'll copy this!
@@yageshgupta8598 you do know china makes some of the best constructions and tech right
@@mathewadams8499* tofu quality
@@yageshgupta8598 yeah and it's not like everywhere else doesn't have crappy buildings bud just only china
Debt also includes their high speed rail projects
Many of which are losing money.
and state-owned enterprises and enterprises essentially owned by the state, such as some of the airlines...
@Dr.Kay_R
WRONG AGAIN.
China's economy is 4.5X that of india's, with GDP per capita for Chinese $13,160 vs $2,850 for indians.
The largest economy, the US, in 2023 grew by 3.1% vs China's 5.3%. So the US's growth also is "unsustainable" ???
No more made in China😅
Yes, Made in Vietnam and Made in Mexico 😂 no India 😂
Endian bots jealous😂😂😂
@@iqbalbhq6884 not in makka madinaa also🤣🤣🤣
@@iqbalbhq6884yes we consume here, and shit in pak. 🎉
@@iqbalbhq6884 why your mf a$$ is burning?
Africans are highly supportive towards china
It's like chicken supporting KFC.
@@fridaynight3181 I just watched a video on how China is destroying Africa. I just feel sad for the people of Africa
China's GDP is 17.8 trillion US dollars, with a growth rate of 5% and an added value of 90 million US dollars..
India's GDP is 3.5 trillion US dollars, with a growth rate of 7% and an added value of 24 million US dollars..
Who is the fastest-growing large economy in 2023?
India and Western Media: India
Real World: China
Is China's economy and politics collapsing?
Indian and Western media: Yes
Real World: Are You Joking?
Thats the reason they are bullying in West Philippine Sea because WPS is rich in minerals, rare earth elements, oil and gas...
Philippines is trying to be a slave state of US. Slaves don't own shit. So south China sea belongs to China.
And? Whatcha gonna doing about it? Maybe ask your president to return all the money stolen by his father?
@k.k.
File a case idiot if your argument has concrete basis than being a marites 😂
The real reason is that US forces Philippine to engage China in South China Sea, challenging the 9 dash lines claim by China. If you challenge, of course China will respond. And that response becomes part of the narrative that China is bullying its neighbors. But the reality is, if you don't provoke, China will leave you alone.
@@k.k.c8670china cant get taiwan either 😂
So when the provincial governments talked to the bank it is still an internal financial problem and it does not mean the Chinese banks can't deal with the problem . China does control 4 of the biggest banks in the world. 13 trillion debt over a 20 trillion economy, that is about 65% of GDP and that is about 20% lower than India's debt to GDP in 2023. India had a debt at 86% of its GDP in 2023 and only drop to 81% in 2024. Remember India also has poor credit rating than China, India's credit rating is BBB and China AA+
Regardless of what you say about China, its economy and its people will experience a much better quality of life than India and its people. Why do you not speak every day about the tens of millions of Indians who are born, live and die on the streets of India. Instead of repeating the American lies about the great country and people of China. Perhaps, your government would be shamed into doing much more for the beautiful people of India.
I know Palki will be happy secretly inside delivering this news 😊, mee too😉
And it's not like China can just print the dollars like US does
Sure they can. Just watch.
They will print yuan
It doesn't matter, RMB can be used to buy oil, while rupees can only be used to wipe your ass
@@user-1rg9f2-g3l6d Why would China start printing US dollars? Are you on weed or something?
80% of debts are to domestic, owed to Chinese state owned banks. Its just borrowing money from yourself.😊
really !!.. India debt is 3.5 trillion and its GDP is 3.75 trillion.
China debt is 13 trillion and its GDP is 18 trillion !!
by that standards India should be in much deeper S than china !!!
Get a life palki
Palki is sooo smart just like Gordon Chang 😂😂😂😂😂
Gordon Chang is more sophisticated in his propaganda. Palki is just yelling and shouting
China has spent 1 trillion on its BRI, helping the Global South advance.
China is the leader of the Global South, India can never achieve this role.
Official data from the Reserve Bank of India shows that household net financial savings fell to 5.1% of GDP in 2022-23, well below its long-run annual average of 7.0-7.5%. Indian households' net financial savings fell as much as four percentage points in the past two years as they ploughed it to build real assets such as homes and vehicles. This is exactly what happened to Greece prior to its devastating financial crisis of 2008
Don't compare with Greece. India is much faster growing economy so the % is misleading. 5.1% of GDP is still a very high number and is much better that 7.5% from say 2000.
Chinese bots crying 😂😂😂😂
Chinese bots are cry babies
If you can talk of China's debt, what of the United States'!!!?!
US controls the currency, as long as thats the norm it doesnt matter
34 trillion dollar
The thing is USA has printing press that runs the world. If Yuan can become like USD then China may get a get out of jail free card...but they are not getting there easily
World is using dollar so they can print more & more without worrying about inflation.
Yuan isn’t lucky like $
US has the largest gold reserve in the world. They have all the means to get out of that debt. For China, they don't have that luxury.
In 2022, India's national household savings rate stood at 22% of GDP. Last year, it went down drastically to 11%. Today, it's only 5.1%, the lowest level in 49 years (Chinese national household savings rate is at 47% FYI). So much so that IMF has warned India on several occasions, to no avail. Everyone knows India's economy relies heavily on consumption but at this rate, India might well be the next Greece in the making. BTW, Greeks were proud of their fastest growing economy in the EU prior to the Greek Financial Crisis of 2011
As of 2023, China owns approximately $816.3 billion in U.S. debt
they are selling it piece by piece. thats why the US economy is getting worse as well. japan and saudi arabia are doing the same. selling american bonds.
Palki kept saying over and over..
China slows India grows
Q: Why is China's credit rating at A+ to India's BBB- ?
😂😂cina gives them money
How do you expect Indians to answer such a complicated question with their world renowned IQ level 😂😂😂😂
@@AbhishekSingh-zv2tn😂😂😂😂
How to milk a growing economy;
*Tactic 1*
She doesn’t like China she kept saying things about china I don’t watch this anymore
Debt to size of economy is in comfort zone. Hyped news
Unbiasedness is the most critical trait that Journo should follow. The comparison with U.S. or India per se would be more appropriate.
Don't expect objectivity from Indian media, esp firstpost.
@maggiechan33 what media companies are not biased?
@@aldrintoribio1637
In India, ALL the media is radically biased, not true for all countries.
More objective are:
UK - Channel 4
US - Democracy Now
HK/China - SCMP
Anti China propaganda machine 🥴
@Dr.Kay_R
You are wrong; even here pathetic palki insidiously tried to maximize the Chinese debt.
Who cares about the debt of local governments ???
It is the national debt that is most important; for Beijing, it is 9.6 T.
The Chinese also have a massive domestic savings of > 8 T.
It is the denomination of the debt that is important. Not the quantity.
this, if the local governments own debt in RMB, they can simply turn on the money printing machine.
@@Jd-tu6ozthat will impact their goal of replacing the dollar. So the can't do too much of printing.
@@s-qc9ns nah, everyone is doing it, only way to replace USD is by gold backed currency, no other way.
@@Jd-tu6oz
That will send inflation through the roof with everyone dumping all bonds in China.
Only US can do it because it has the world's reserve currency. No other country can.
China claims to have the most gold reserves. but how do you if that is true?
Rising debt payments are eroding the purchasing power of Indian households as the country saw its national household savings rate plunge to its lowest in half a century, at a mere 5.1% as of Dec 2023, down from 7.3% last year. This could lead to severe repercussions for the Indian economy in which domestic consumption is the main driver.
Bloomberg,
12 Jan2024
18trn ? says who , there is a nexus between us and china to cook up gdp numbers neither the us has a gdp of 30trn dollar nor china has a gdp of 18trn dollar
@@humbleindian6303Chinese is 18 trillion usa 27 trillion what you talking about? But usa takes loans from China and tells others it debt trap !😂
If purchasing power is gone then how come there is a new car in almost every Indian household
@@Vivek-cp2qm what are you smoking I'm Indian you high or something 80 percentage of people don't have car it's a motorbike which are used!
In 2009, one of my old colleagues showed slides of high rise hotels there being, in his words, EMPTY, for the purpose of their ego that business and tourism will flood in. Urbanization began way earlier but that gamble paid off for major cities only, while infrastructure in rural areas is still awaiting local residents to fill in.
China 13 trillon in debt for economic activity amongst 1.4 billion vs 34 trillion amongst 340 million in USA.
Who’s looking to do business in yuan ?
Everyone@@Curtis69213
No downfall has occurred yet, their growth is just lower but they are still growing.
Hey $13 trillion is not too bad, the USA is $34 trillion in debt - we got them beat!
Apples and oranges
China : Breaking News " IAF Tejas was crash in Rajasthan when Modi watching military training 😜😋😁
So what Some time ago, an American fighter jet crashed in the South China Sea F-35 and the same fighter jet F-35 Left it on auto pilot and don't know were it crashed😂 in USA when it come to yr daddy USA your mouth shut bt when it come to india u bark 🐕
Wtf
Most advanced aircraft F35 missing 😂😂
@@TheFirstPMofINDIA bt when it come to their daddy the USA their mouth shut🐶
@@Muneerkhan-y3l
Correct.
Also pathetic palki ( always obsessed with China) is lying; Chinese debt is 9.65 trillion vs US debt of 34.5 trillion.
China could cover any debt by selling water use to India from Aksai Chin.
Then tell your master to do it...why is CCP dictator don't come to Akshai chin😅 what stop him to do anything there or what is ur master so afraid of😂
@@robinrahul2176China already build dams to divert water away. 😂
@@phillipchan6919 ohhh son, we r really scared...please stop🤣🤣 do u thing India don't have any counter-measure...your whole shipping lane pass from Malaca stait where India has build their base...try doing mischief in the north, India will strangled u in the Ocean🤣
@@phillipchan6919 got so scared that u deleted my comment. Typical chinese behaviour, just like Galwan, when get thrashed hard they back away😂
@@robinrahul2176 It is your freedom of speech democracy India news media that deletes your comment. We don’t have this function to change foreign media.
Why not look at US, Japan and Singapore's debt. If China economy is so bad ,why so many American companies CEO went to China recently?
The Chinese's downfall is very exaggerated. The Chinese are positioning themselves. They didn't come this far to simply collapse. They are watching and observing the geopolitical stage to adjust their strategies.
@@omkarbhakare7496 poor indian
china has a huge problem brewing.. old age..one child policy catching up...huge youth unemployment..housing bubble
China hides the truth
They're not going to downfall at all. But they might have an economic slowdown similiar to 90's Japan
Former Chinese Premier Zhu Ronji said that over relying on the fixed asset investments(Infrastructure projects) are unsustainable. However PRC domestic consumption is not strong enough for stimulating GDP. He did not have a choice for stopping the expansion of the economy with very high level of debt.
Borrow and build, Build and Sell and Borrow and build cycles. Property prices are cooling down after the peak in PRC. Shining airport, tallest towers and high speed trains are looking good. However not all of them are profitable like Beijing to Shanghai HSR.
Investing without good returns like wasting time and money for showing off the modernization with national pride. Property prices are
cooling down after the peak. Shining airport and high speed trains are looking good. However not all of them are profitable like Beijing to Shanghai HSR.
It is reported one. Unreported it is expected to be 30 trillion.
As a proud Indian🇮🇳, I really love ♥ and have a lot of respect for the incredible work of your really interesting story on Gravitas *How British looted 45 trillion from India* which is as a masterpiece of the highest quality. Its content is truly inspiring and I thoroughly enjoy watching it. The dedication, talent and hard work poured into the video are greatly appreciated by many. The Indian Union Public Service Commission has also deliver a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC," is equally astounding. The Indian government consistently produce insightful and thought-provoking articles of the utmost caliber. I sincerely hope they continue to produce such captivating exceptional work. Can it even get better than that? They deserve an award for best report of the year. Thank you for telling the truth.
If India says that China is not doing well, I just can't imagine how horrific it must be in India.
This is like an F - grade student telling an A+ student he is not doing well.
- China is 60 times richer than India. (I know it's unfair that the British looted 45 trillion from India, but it is what it is).
- China's economy is 6 times larger than India's.
- China's yearly growth is 5 times greater than India's.
- China has better living conditions and healthcare; on average, they live a whole decade more than their Indian counterpart.
- China launches 20-50 times more rockets than India into space every year.
- China is a lot more intelligent, with an IQ of 104 compared to India's 76.
- China is more athletic and stronger than India, winning 38 times more gold medals than India in the world olympic games.
- China's reserves is 7 times larger than India's reserves.
- India is forced to use the Chinese currency when purchasing oil from Russia, Iran, or Venezuela. Due to weak & undesirable Indian Rupees.
- China has 21 times more companies in the Fortune 500 than India.
*Rovers on Mars* China: Yes India: No
*Brought back Lunar Samples* China: Yes India: No
*Humans in space* China: Yes India: No
*Space station orbiting above us right this moment* China: Yes India: No
*Indian News*
FirstPost: China overtakes US to become world's richest nation
Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth
Indiatoday - China overtakes US as world’s richest nation
Tribuneindia - China overtakes US as world’s richest country
Businessinsider india - China overtakes US as the richest country in the world
Thequint - China Overtakes US as the World's Richest Nation
Hindustantimes - China overtakes US to grab top spot in list of richest countries
Indiatimes - Global wealth surges as China overtakes US to grab top spot
NDTV - China Is Now World's Richest Nation, Ahead Of US
NewsX - China Overtakes US As World's Richest Nation
India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot
Timesofindia - Global wealth surges as China overtakes US to grab top spot
Newindianexpress - China overtakes US as richest country in the world
Oneindia - China overtakes US as the richest country in the world
News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे
Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश!
Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश
TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति
Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश
List of countries by GDP (nominal)
Medal Tally | Tokyo Olympics 2021
List of countries by FOREX reserves
Fortune Global 500 2021 | Full list of ranking
Spaceflights in 2021
Average IQ by Country 2022
*USA News*
BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot
Yahoo Finance - Global wealth surges as China overtakes US to grab top spot
*Japanese News*
Nikkei - China overtakes U.S. in national net worth to grab top spot
*UK News*
Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing.
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hard landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. New York Times: Banking crisis imperils China
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a Soft Landing?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010: Nouriel Roubini: Hard landing coming in China.
2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012: American Interest: Dismal Economic News from China: A Hard Landing
2013: Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. CNN: Forget the trade war, China's economy has other big problems
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
....
Yet it's already 2023 and China's economy is still going strong.
GOD WILL ALWAYS BLESS CHINA AND ALWAYS BE WITH CHINA...!!!
🙏🙏🙏🙏🙏
✝️🇨🇳GOD BLESS CHINA🇨🇳✝️
Covid liberation bot 🦠😷
@@nishantshrivastava9674 If you want to argue, do it smartly
🖕🖕🖕
We dont eat bat's ass🤣🤣🤣
The problem is that every country is in debt and no one is taking any effort to reduce it. I predict that we may go through a Debt Depression to correct this.
While usa has 31 trilion 😂
34.5 Trillion
@@maheshkurana5809 printing money doesn't get rid of homeIesness. it only raise the cost of living for average u.s person even more
But US makes and has more money then China. Imagine this. You owe 10 dollars and have 15. Some other guy owes 1,000 dollars and he has 100,000. It's also a lot of foreign debt. Much of Americas debt is government bonds
MEXICO IS DOING WELL
@david4360 the $ money is much powerful than the China plus the US have the most gold reserve 31$ debt isn't really far from China debt go back to school
India's legends: "Those who dig taps for everyone once falls in his own trap" is true. Proud to be an Indian 🇮🇳
POV: Karma never forgive anyone.
Hare Krishna🙏🙏
You're missing a point here. There are no private banks in China. All are state-owned financial institutions. The CCP could easily restructure debts owed by business enterprises and local governments. Chinese debt are mostly in Chinese currency, which makes it easier for the government to manage. How can Indians with a credit rating of BBB- comment on Chinese debt, with a credit rating of AA+
😅Despite similar population number at 1.4b, India only have 672m workforce vs 931m for China. 48% Indian worked to support the others 52% unproductive population vs 66% Chinese worked to support the others 34% unproductive population.
India:
Population 1.4b
Male 700m = 73% labor force participation rate
Female 700m = 23% labor force participation rate (On par with Somalia, Pakistan, Palestine)
Total workforce = 511+ 161 = 672m
Literacy Rate = 69%
Educated workforce = 463m
Grain production = 330 million tons
Grain Reserve = 700 million tons
Comparing India to China is akin to comparing Pakistan to Japan , Bangladesh/Nepal to South Korea , Sri Lanka to Taiwan . One group is influenced by Chinese civilization, the others group is influenced by Indian civilization. Two different class. One is Yellow the others is Brown/Dark. One uses chopsticks, the others uses bare hand. The most developed country in ASEAN is Singapore, a nation populated by predominantly Chinese an East Asian origin people.
One group collectively & consistently ranked within the world top 10-20 in IQ Test, PISA Score, University Rank, International Collegiate Programming Contest (ICPC) & Mathematical Olympiad standing shoulder to shoulder with western world ....while the others group collectively & consistently ranked somewhere in the middle out of 100+ participant nation standing shoulder to shoulder with some failed states & banana republic.
It's like comparing some Africans countries with Europe. No developed countries exist outside of Western & East Asian world.
trying to divert the topic but not in this today world
India will be the super power. India can avoid the excess financialisation, excess debt and excess corruption that occurred in the USA and the PRC.
Lol, no.
Delusional 😂
😂 saar super poop 💩
🤣🤣🤣
Very very very very very ambitious!!!!! 👏👏👏
Everyday i heard was how rich how powerful China is, not much bad news from China
Compared to most countries in the western countries as well as India, have debt equal to or higher than their gdp, so China’s economy is still way better that India and the US when you compare debt to GDP.
@@blackups__6554 lol India's debt to GDP ratio is less than China's
How news come from china because china is not a free economy 😂
@@Muneerkhan-y3lEndia is a free etoiletmy.🤣🤣🤣
@@yestomor7673 your words is describing your country aur your mom and dad value 😄
The net financial savings of households in India has fallen to a five-decade low of just 5.1% of the GDP in FY 2023. It was 11.2% in FY 2022. This is a worrying development, because a high savings rate has traditionally correlated with a healthy growth rate. In other words, IMF cautioned that India's GDP growth is solely based on debt and is highly unsustainable. Which could lead to a Greek-styled financial crisis
18trn ? says who , there is a nexus between us and china to cook up gdp numbers neither the us has a gdp of 30trn dollar nor china has a gdp of 18trn dollar
Shahbaz Sharif may purchase Chinese property with support from IMF
China collapsed in the 20th year of dreaming from the West, especially from the US, the EU, and India.😂😂😂
13 billion dollars in debt to 1.5 million people (CHINA), 34 billion in debt to 400 million people (USA) YOU INDIANS ARE A BUNCH OF PEOPLE.
According to the IMF report on the Indian economy as of Dec2023, India's public debt is mounting at an alarming rate and could breach the 100% to GDP ratio by 2025, from the present 86%, if no cuts to excessive spending by the central government continues at current rate. India is already spending a hefty 40% of its union budget, just to service its existing debt, the highest in the developing world. This could leave the Indian gov't very little room to invest on development projects, unless the cycle repeats itself, by resorting to more loans
Right ...
India's economy has 25 years of solid growth ahead of it.
Debt at this point means nothing.
It is one of the few large countries where financialization has not taken place.
The important lesson to internalize is if India can make peace and respect the Europeans/British, even becoming good friends with the British and European nations despite them causing great suffering to Indians for half a millennium. संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC,". Then I believe there is a future where China and India can also be good friends. I support this as a proud Indian
It's 2.30 am in the morning in india Chinese bot
If you are an Indian go take some rest.
Once a loyal dog always a loyal to its former master
@@gskylexkk7280 but bot or not, doesn't it seem right? I can never understand, why people of India, hate China so much. If the reason is the border war between china and India in 1969, India has more reasons to hate Europeans. I mean really, at the end of colonisation, leaving behind an Indian textile industry, once flourished, in total ruins, a population with a overall literacy rate of 3%, a famine that caused nearly a million people in Kolkata ( or may be more-check the figures), and many more crimes. And also, harming the indian soreign integrity by dividing the country and making new countries (Pak, and Ban). and many more like this. really, in the face of this, can you really carry a grudge over a nation that had a border war with you nearly 50 years ago, and ever since pretty much lived peacefully with India, barriong minor skirmishes. Please educate me.
@@Benzene-xw7oq He is from covid liberation Army 🦠😷
YOU R NOT AN INDIAN.
Debt servicing (payments of interests on loans) only accounts for 7% of China's national budget whereas it's a staggering 39% of India's union budget. Worse, of India's $550 billion union budget for 2023/24, $245 billion (45%) is from borrowed money, against a revenue of $305 billion. Who's facing a debt crisis one may ask
Once a fool, always a fool...this is the product u get after educating from made in china university😂
India has its debt finance sorted out
That's China's national debt. The video is speaking of China's provincial debt. China's national debt, provincial debt, and state owned business debt is over 300+% to GDP.
Allow international media in china and see what happens 👍👍
@@tabernathy0428 what do u expect from chinese educated kid...
where did Palki's ruby push starter go?
It is weird that a nation with $3 Trillion GDP is worrying the health of a nation with $17 Trillion GDP (and still growing at 5%). China is popping the house bubble so to divert the resources to EV cars, computer chips, large scale ship building, green energy and many other high-end manufacturing. It is equivalent of shedding fat for muscles.
And the Chinese trade with the world is growing, not declining. Its manufacturing capacities are getting stronger. In particular, the trade with US is maintained and growing through conduits like Vietnam and Mexico.
The only real concern is that given the prolonged trade war with US, and the likelihood of yet another Virus War with US, Chinese are less inclined to spend as much as before. But with the new stimulus packages to ensure a 5% growth rate in 2024, there might be some pick up on consumption.
Thanx for the info.
17 trillion of fake GDP.
These are CCP numbers.
Real economic size of China is 5 trillion and it is heavily leveraged with that leverage beginning to crumble.
China's debt-to-GDP ratio is 87.4 this year. This puts China in 28th place in the highest debt-to-GDP ranking. If you look at the country's infrastructure development, that's not much. The United States is in sixth place in this ranking, France in eleventh place, Italy in fifth place and Japan in first place. Now the Indian media want to say that you should suppress your development in order not to take on debt. I don't think we need to fool ourselves. Living conditions are better and more stable in China or Japan than in India.
The imperative lesson to understand is that if India can make peace and respect the Europeans/British, even becoming good friends with the British and European nations despite them causing great suffering to Indians for half a millennium. संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC,". Then I believe there is a future where China and India can also be good friends. I support this as a proud Indian
Look at their border to see no prospect of good frienship between the two nations.
Except Russia,japan remaining country are not trustworthy.
Britain😂😂
USA is afraid that china will take his No.1 power position.
That is the reason they are acting as a friend to india .
If india reach 2 nd position.
They start destroy india economy also.
Russia and Japan is the only true friend of india.
But china is the only country that control Islam country.
1.8billion Wow 😂
As an American 13 trillion debt is nothing! 😂
The US has $35 Trillion debt
That's different because USA is debt and it can pay in dollars which gives US evil option just to print money and can pay them as debt that's worst than anything.
But china is 13 trillion dollars debt that too in dollars which China doesn't have control which makes them vulnerable to fall into viscous debt cycle to pay the debt can impact Chinese economy
US Prints Dollars
Umm, that's official debt! Unofficially, they have more than 150 trillion dollars
What happens if China doesn't pay its debt?
Then no one will give them more loan. As default show that the cannot return the money.
India shouldn’t do the same mistake like China while building infrastructure across the country.
They built too much infrastructure and now have tons of construction machinery and companies sitting around collecting dust.
That's what happens when all future demand is pulled forward.
India has no debt because almost everyone have no money. Only the rich have all the money. Hahahahahah
what good humor
P.j. of the year.
China has so much debt because the communist party is bankrupt
What a bunch of jokers
Cows on the streets are richer than Indians, at least they don’t need to beg🤣🤣🤣
Tata
India is fortunate that we can ensure what mistakes should not make as like china
Our finance ministry is taking notes . . .
China debts are internal debts which they can manage themself.
Unlike India, China is a trade Positive country. They got enough foreign currencies to service their foreign debts.
@@wionporky9937India's Debt is also internal Debt That is Their Own Money that's Why Half Knowledge Is More Dangerous Than Having No Knowledge 😂
@@Ijustfindout
India is a trade deficit country! Where do they get the foreign exchange to pay for it?🤔 When the Indian rupees is not convertible.
India is better than the best 💪🏽
@@Ijustfindoutlil bro don't know Russia want Yuan payment for Oil and Gas 😂
Chinese bots activated in comments 😂😂
proud to be a bot.
lots of love from a bot.
😂😅❤🇮🇳
In response to Indian bots 😂😂😂😂
@@YangLeeZhao607 eat more bats
@@YangLeeZhao607 batanddog eaters🤣🤣🤣
Thanks
Is the Indian situation good?
They can sell the urine of holy cow or its dung, people will buy that and the debt will be finished
Of course bcz Endia is a SuperpoOwer don't you know that???
Madam... Lets wash "ours" before we try to wash "others". The debt of our state governments like Andhra Pradesh which is promising to give "Alcohol at a cheaper rate" just to win election is ALARMING! We should observe China and others closely because we may need to adopt similar strategies as we're surely going to face a similar situation.
China's exports saw an unexpected increase in the first two months of 2024, official figures showed on Thursday. The General Administration of Customs said exports rose by 7.1% In January and February combined, reaching a trade surplus of $125 billion (€114.7 billion).
Chinese figures 🤣🤣🤣
Sure, we believe numbers put out by CCP.😂
In dreams 😂😂😂😂
Are u exporting covid again🤣🤣🤣🤣
Lovely conversation from Lagos Nigeria founder teacher startup ❤
India 🇮🇳 is next manufacturing hub of the world...
Agree, the BS manufacturing hub of the world
First we should compete with Vietnam instead of china Vietnam is getting more companies than india who are shifting from china
India wants to be the new Factory of the world 😂😂😂
That's is a far dream
Yes, by talking
Local government owns depts to Chinese Central Bank how's that a risk. Internal debts are easily resolve.
How shameless and unprofessional is the indian media???😂😂😂
India propaganda want to emulate Western propaganda but they are unsophiticated.
Burning???? 😂😂😂😂
@@storm_yu Nobody believes indian media....🤣😂🤣😂🤣
@@peterneil6859Then why are you weeping? Just move on.
It is a fact
Central government is not supporting local governments with new loan until emergency
Plz make a video on financial problems of local govts. in India. I would like to see that doc.
That's what happens when there is no respect for the free market principles, when supply-demand isn't allowed to recalibrate naturally.
China's debt is like a woman's period...it happens every month...
Your mouth must be where the period comes out from 😂😂😂😂
Your mouth must be where the period comes out
rape in india happens every 18 min and maybe more unreported ,source from palki sharma
Yes, same with reports of their debts and downfall....yet, no downfall
Coming out of your mouth every month no doubt
Hong Kong? China is cash-strapped, but it has the largest foreign currency reserves in the world. How did this chick get a gig on TV?
No matter how dept increase China is still Superpower 😎
Paper tiger 😂😂😂
@@storm_yu india Jealous 🤣🤣🤣
@@storm_yuPo0jeet jealous.😂
Vielen Dank für die indische Aufklärung.
India🇮🇳 joined QUAD for one reason and one reason alone, to counter China's🇨🇳 unstoppable rise to the top. However, India is running a huge trade deficit with the PRC. Which is definitely not helpful in countering China. Worse, China keeps saying NO to India's constant begging for a permanent seat at the UNSC with veto powers while Indians keep buying Made in China
We only buy phones and nothing else dude
@ninjauserninja4818 Yeah nothing else with trade deficit of $101 billion with China
India demands a unsc seat
China begs India for market access
有能耐就别买呀，那你们的仿制药生意怎么办？不是也整天嚷嚷着搞基建，盾构机买不到怎么办
@@dimsimbogan.😂😂😂😂
AND there not going to pay it back , and never intended to ?
As an indian i can this news is baised
As a Chinese I can say this news is TRUE. 😊
@@Apache1970 indian bot 🤡
It's a bit exaggerated but the facts aren't exactly wrong
@@NirajKumar-wb5hg chinese bot. 🤡
@@NirajKumar-wb5hg chinese bot. 😋
And add to that list of reasons
China ever
Lies Lies & Lies
You can't bad mouth a country into recession...
And China can try to usurp lands of other nations. The world can't even report the truth. Fair !
The concept of fiat money, or money created "from thin air," can be traced back to ancient China. The first known use of fiat money was during the Tang Dynasty (618-907 AD) and became more prominent during the Song Dynasty (960-1279 AD). The Chinese government issued paper money, called "jiaozi," which was backed by the state rather than a physical commodity like gold or silver.
The Masters of Fiat
It seems that over the centuries, there have been individuals and authorities who have experimented with systems that allow them to manipulate or exploit the monetary system to their advantage, often at the expense of other participants.
Congratulations to East Indians. They are now earning $200 per month.
Why is India's credit rating so low, at BBC- which is close to junk status
A) India's economy is based on debt fuelled artificial growth strategy
B) India is the country with the highest budget deficit, relying on borrowings to fund its central expenditure
C) Foreign equity investors are leaving India
D) India's a trade deficit country, meaning it imports more than it exports
E) All the above
And stiil your debt is 15 times more than India 😂😂😂😂
The Sustainable Development Report by the World Bank ranks India 151 out of 163 nations. In other words, India's GDP growth is unsustainable in the long run. Based solely on government deficit spending and domestic consumption induced by cheap credit. Which led to soaring public debt-to-GDP ratio and a household savings rate of just 5.1%, the lowest in India in 49 years (China = 47%)
Cry more CCP bot, cry baby 🍼😂😂😂😂
18trn ? says who , there is a nexus between us and china to cook up gdp numbers neither the us has a gdp of 30trn dollar nor china has a gdp of 18trn dollar
President xi n his stupidity is gods gift to India..i wish him great great health n continued presidency of china for another 4-5 decades🙏
@@lakshmisnair408
Even I am convinced. 😅
@@lakshmisnair408the Chinese are saying the same with Modi aka feku. They wish him success in the coming election so he could help his buddies make 💰 and Indians unemployed
Feed your hungry, don't look at other people's yards before you clean your own.
The debt issue is not limited to China, it is everywhere. The only solution is to print more money to cover those debt and share the losses with all people except those who print US dollars.
India should focus on their 45 Trillion debt first rather than being concern about China's 13 Trillion.
45 trillion is what UK owes India 😂
@@docrex167813tn was countries around the world owe to Chn BRI projects😅. Thats why Palki parrot Chn since almost 2decades "Chn 'll collapse soon..."
chin vs ind 🎉
Palki,why don't you give some comparative numbers like Debt to GDP of India and China.It seems you are taking pleasure by giving China's dismal ( according to you) numbers.But let us see where does India stand with respect to China.
Where did you get that fancy figure.
Debt crisis? Here is the data for India.
Reuters
December 22, 2023
NEW DELHI, Dec 22 (Reuters) - The Indian government said on Friday a warning from the International Monetary Fund (IMF) that the country's debt to GDP ratio could hit 100% was a worst-case scenario, and not a "fait accompli".
The IMF, in a so-called article IV review, said India's general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028.
India's finance ministry said this was "a worst-case scenario and is not fait accompli".
India's debt to GDP ratio, which was 81% in 2022/23, may decline to below 70% in the same period under favourable circumstances, the IMF report also said, according to the ministry.
"Therefore, any interpretation that the report implies that General Government debt would exceed 100% of GDP in the medium term is misconstrued," the ministry added.
US is more than 30 trillions dollars in debt. How about India?In 2021, the national debt of India amounted to around 2.36 trillion U.S. dollars. Projections show an upward trend, with a significant increase ...
Though, India is doing well in terms of its economy. India's Current GDP (As of Q3 FY24): $4.11 trillion · India's GDP Growth Rate (Q3 FY24): 8.4%.
The problem is us print dollar and china doesn't technically USA has glich that is big problem
It is funny when ppl dont know a country with debt is actually healthier than a country without debt. It is a sign of growth potential.
You literally cause the Chinese fans to cry
Out of laughter
😂😂😂😂
@@YangLeeZhao607 Cry bot cry more 😭
@@YangLeeZhao607
😭→ Know your Emoji Wumao
@@YangLeeZhao607 🇨🇳😭🇨🇳
You caused them to book a one-way flight to Ecuador.
Who is the debt owed to?
Indians 🇮🇳 are proud of their Indian-origin CEOs working for foreign Multinational Corporation.
Chinese 🇨🇳 are proud of their 145 Multinational Corporation on the Fortune500 list
A tale of 2 very distinct people with totally different mindsets
👉Countries with the highest number of companies on the Fortune500 list 2022:
1. China (145)
2. USA (124)
3. Japan (47)
4. Germany (28)
5. France (25)
6. UK (18)
7. South Korea (16)
8. Switzerland (14)
9. Canada (12)
10. Netherlands (11)
29. India* (7)👈
*Mostly state owned monopolies and not private companies
Maybe you should do a piece about the list of bankrupt councils in UK
$13 trillion dollar debt in a $18 trillion economy like China's, is actually not that bad. Roughly 70% debt-to-GDP, which is better than India's 90% debt-to-GDP. IMF recently warned India on its soaring debt which would soon breach the 100% mark next year. Yet, India's finance minister brushed it aside with her own distorted counter arguments. As everyone expected
Any proof to back your mentioned facts?
That's provincial debt, not national debt. The United States debt amongst its 50 individual states and local governments is 3.3 trillion. When added to the national debt of 34 trillion it's 37 trillion total. China's total is 54 trillion dollars when national, provincial, and state owned business.
Its GDP is also inflated by infrastructure projects that add zero value. Building trains to nowhere, or a 3rd airport for a tier 2 city to boost economic numbers is silly.
Actually $13B is just local Gov. debt. Banks, National Gov, other Gov controlled entities also have massive Debts totaling nearly 300% of GDP. Which would be around $50B.
Original debt is 200 billion rest is investment by business mens ok on india,s demand and essentials steps.. plus with highest gpd growing percentage wanna listen more??
Where's Jim Rogers?
Crying Chinese bots incoming.
China's debt crisis ？？？？ China's debt to gdp is lower than India's and most of China's debt is domestic. The United States is the world's largest debtor country, and Japan is the world's largest debtor country. China's trade growth hit a new high in February 2024, up 10 percent, imports up 6 percent, and 8 percent in the first two months of the year.
Why they have to cry to justify stupidity and lying of indian media propaganda.
@@印度印度
Once we Indians block Indian Ocean via Andaman and Nicobar. China will be in the next largest debtors list 😂
@@NoNutNovember2722 India wants to compete with China on its industrial base, shipbuilding capacity? Stop living the dream.
Chinese bots incoming, crying from laughter at indians and their unemployment 😂😂😂😂
China very smart , they can do anything for survive.
Thank god we indians are not like that... Please tell them not to spread another virus threat the world ..
@@Phanindra_Bhupathi_Raju_ Stop rxpe & c0wpat please.😭
@@yestomor7673Bro Bro ...India is not in #1 in rape case ...oky .... Just lick your CCP foot .....
Yes India has the strongest economy ten times China and China will be begging for India's help soon.
Both you shits are from the same country xyna, Lol. (But the fact is you couldn't understand your fellow chinese friend being sarcastic)
HAHAHAHAHAHAH nice joke
Every man have debt today what is the difference. We live in debt to survive.
BHARAT MATA KI JAI
Major global financial institutions have upgraded their forecasts for China’s GDP growth in 2024, a signal of surging international confidence in China’s economic outlook  and a strong rebuttal to the “Peak China” rhetoric.  ADB: 4.5% to 4.8%  Goldman Sachs: 4.8% to 5%  Morgan Stanley: 4.2% to 4.8%
Love the stance with which you speak about these people 😂❤❤