China is not in good shape with Trillions in debt not reported.Welcome to Thursday. Here's some boring shit to start your day off right.
Global debt stands at $US305t, of which $US161t is corporate debt, $US85t is government debt, and the remainder is personal debt such as house mortgages, car loans etc. Global debt is 10% higher than at the start of the COVID pandemic in 2020. Australia is the 12th biggest debtor, but contributes only about 2% of world trade.
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How does US debt rank compared with the rest of the world?
The United States has the world’s largest national debt at $31.4 trillion.www.aljazeera.com
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Everywhere You Look in China Are Signs of More Market Misery
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