The Chinese Government Likely Borrowed More than the US in 2017 • Hacker News Board

Re: The Chinese Government Likely Borrowed More than the US in 2017

#21

Post by bryanlarsen » Mon, Jul 16, 2018, 2:26 PM UTC

alexdrans wrote: post #10

ggm wrote: post #8

Earlier quoted context omitted.

Why conquer when you can invest? They're investing. It's working. We're happy to have chinese investment in all spaces, ag, and mining, we buy the goods and we sell the dairy produce. The real threat is Tasmania: haven't you seen the wargames maps? We need those US-Chinese troops to fight back against the daemon armies from cradle mountain.

Investment doesn't buy you all the 'Living Space' you may want

They don't need space, they're rapidly creating tons of it in China -- people who move from the country to the city use far less area.

Re: The Chinese Government Likely Borrowed More than the US in 2017

#22

Post by repolfx » Mon, Jul 16, 2018, 2:28 PM UTC

midwestposdoc wrote: post #14

Bucephalus355 wrote: post #3

And this is the deficit we know about. In reality it could be much larger, something like 1000% of GDP. The situation is the same with China’s military budget. In reality it’s probably 2x or 3x larger than the official numbers we have.

China's GDP is probably 10% of what they reported.

No, it seems to be the other way around. China's GDP figures are definitely false but likely to be inflated, not suppressed.

Re: The Chinese Government Likely Borrowed More than the US in 2017

#23

Post by inetknght » Mon, Jul 16, 2018, 2:28 PM UTC

jdmichal wrote: post #5

adreamingsoul wrote: post #2

In economic terms, how is this sustainable?

Debt is a fixed number that doesn't expand as the economy does.

Tell that to compound interest.

Re: The Chinese Government Likely Borrowed More than the US in 2017

#24

Post by navaati » Mon, Jul 16, 2018, 2:28 PM UTC

mlthoughts2018 wrote: post #16

alexdrans wrote: post #4

Earlier quoted context omitted.

Endure the bubble, until you can conquer Australia and relieve the pressure

Then they'll get 2 additional armies every single turn! And a territory card!

What is the reference here ? Is it the same reference as neighbour comment about Tasmania and daemon armies ?

Re: The Chinese Government Likely Borrowed More than the US in 2017

#25

Post by xutopia » Mon, Jul 16, 2018, 2:29 PM UTC

repolfx wrote: post #22

midwestposdoc wrote: post #14

Earlier quoted context omitted.

China's GDP is probably 10% of what they reported.

No, it seems to be the other way around. China's GDP figures are definitely false but likely to be inflated, not suppressed.

Can you explain why that is for the ignorant ones like me?

Re: The Chinese Government Likely Borrowed More than the US in 2017

#26

Post by Balero » Mon, Jul 16, 2018, 2:29 PM UTC

midwestposdoc wrote: post #14

Bucephalus355 wrote: post #3

And this is the deficit we know about. In reality it could be much larger, something like 1000% of GDP. The situation is the same with China’s military budget. In reality it’s probably 2x or 3x larger than the official numbers we have.

China's GDP is probably 10% of what they reported.

Do you mean 10% higher? Surely you don't think China's GDP is one tenth of it's reported figure. This would have it sitting between Spain and Mexico [1].

[1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...

Re: The Chinese Government Likely Borrowed More than the US in 2017

#27

Post by ggm » Mon, Jul 16, 2018, 2:30 PM UTC

navaati wrote: post #24

mlthoughts2018 wrote: post #16

Earlier quoted context omitted.

Then they'll get 2 additional armies every single turn! And a territory card!

What is the reference here ? Is it the same reference as neighbour comment about Tasmania and daemon armies ?

My tasmania comment is about what the US-AU army wargames used to use as the hypothetical invader. they were briefly stupid and used a map of indonesia because of jokes about west irianjaya and 'south iriyan' -and then changed to use the map of tasmania (which btw, is a euphemism for female pubic hair) upside down as the notional invader.

the other reference is to turn-by-turn games of war on maps (I think)

Re: The Chinese Government Likely Borrowed More than the US in 2017

#28

Post by Harvey-Specter » Mon, Jul 16, 2018, 2:31 PM UTC

repolfx wrote: post #22

midwestposdoc wrote: post #14

Earlier quoted context omitted.

China's GDP is probably 10% of what they reported.

No, it seems to be the other way around. China's GDP figures are definitely false but likely to be inflated, not suppressed.

> China's GDP is probably 10% of what they reported.

> other way around ... likely to be inflated, not suppressed.

If their GDP is actually 10% of what they report, then the reports are inflated.

Re: The Chinese Government Likely Borrowed More than the US in 2017

#29

Post by known » Mon, Jul 16, 2018, 2:31 PM UTC

External debt is just 14% http://www.usdebtclock.org/world-debt-clock.html

Re: The Chinese Government Likely Borrowed More than the US in 2017

#30

Post by repolfx » Mon, Jul 16, 2018, 2:32 PM UTC

moomin wrote: post #11

adreamingsoul wrote: post #2

In economic terms, how is this sustainable?

Broadly, constant borrowing is sustainable, just look at any European economy. As long as your tax base grows faster than your interest payments there’s no unavoidable problem. This? It’s not sustainable. Sooner or later this will result in a correction. This could range from aggressive budgetary measures, an internal crisis all the way to China monetising its overseas investments (which are extremely extensive).

European economies are hardly poster children for constant borrowing. Most of them have been in enforced austerity for years, and have only managed to avoid much tighter spending cuts because the ECB is funding governments through vast amounts of money printing (which boils down to confiscation of savings). Result: huge government spending overruns, ever-falling savings rates.