✔China national debt goes up.
✔China economy is a sinking ship.
China is a developing country, 2nd largest economy in the world,but per capita debt goes up.
china per capita debt in 2019 was $5611 ,in 2009 it was $219.....that imply per capital debt increased 25times between 2009-19.
At the same period 2009-19 per capita Income increased 11times, from $959 to $10000.
Chinese policy makers wants to the world’s largest economy in next 15 years.
2020-2035 China wants to $30 trillion economy from $15 trillion ....I think this is not possible.
Chinese economy is sinking ship......The Institute of International Finance (IIF) estimated that China’s total domestic debt 335% of gross domestic product (GDP) in 2020.....almost 15% of global total.
I think China's debt to gdp ratio up due to uneconomic expenditure.If it continue, China debt to gdp ratio could reach 500% in next five years....i think China's economy needs institutional reform.
