Just look at how much was wiped away by inflation during covid. Every year 3-4% of the national debt simply disappears due to inflation. When inflation is higher, even more disappears.
The numbers you posted are the US's federal government debt to GDP and Chinas total overall debt to GDP (including private debts such as mortgages). The two numbers are obviously not comparable at all.
pie420|2 years ago
popol12|2 years ago
jezzamon|2 years ago
China's debt to GDP ratio was 288%
sudosysgen|2 years ago
China's government debt to GDP is 77%, vs 121% for the US : https://www.imf.org/external/datamapper/GG_DEBT_GDP@GDD/CHN/...
The numbers you posted are the US's federal government debt to GDP and Chinas total overall debt to GDP (including private debts such as mortgages). The two numbers are obviously not comparable at all.
unknown|2 years ago
[deleted]
maxglute|2 years ago
US aggregate debt to GDP is 730%.