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| https://www.usgovernmentdebt.us/spending_chart_1960_2021USb_XXs2li111mcn_H0f |
Is the US debt US$20 trillion or US$222 trillion?
https://youtu.be/GFdYT8OI6b0 ('US hides real debt, in worse shape than Greece')
https://youtu.be/mhQFmw6yZpc (China and Japan don't need the US to teach them how to manage their economies or implement the necessary socio-economic growth policies)
https://www.facebook.com/mirarchina/videos/388383171605270/ (VIDEO: China’s Mega Projects)
KUALA LUMPUR (January 2018): I Love Malaysia-China Silk Road wishes to thank Deva Saveri for sharing valuable information for all in Facebook.
Saveri’s response and comment to our story https://ilovemalaysiachinasilkroad.blogspot.my/2018/01/will-war-waging-us-be-desperate-enough.html (Will the war-waging US be desperate enough to destroy the world with EMP attacks) is much appreciated:
"Deva Saveri Its NOT 20 trillion, its approaching $222 trillion"… and the above video link 'US hides real debt, in worse shape than Greece' was shared.
Whether the US national debt is US$20 trillion or US$222 trillion, it only shows the Americans are in a serious financial cesspool.
The arrogant US should focus on reducing its national debt instead of continuing with its “global business as usual”, waging and threatening wars with sovereign states everywhere in the world.
In short, stop trying to destabilise and destabilising countries and regions to serve US’ selfish economic and military agendas.
The US’ domestic and global economic mess also shows it has lost all credibility to advice and tell others, especially China and Russia, how to manage their economies efficiently and prudently.
The US should start minding its own business globally and focus on healing their economy.
View the above links to video clips and form your own opinion. Below is the latest news report on China’s continuous economic growth:
"China's Q4 GDP rises 6.8%, beats forecast
ECONOMY
Thursday, 18 Jan 2018
4:00 PM MYT
BEIJING: China’s economy grew faster than expected in the fourth quarter from a year earlier, helped by a rebound in the industrial sector, a resilient property market and strong export growth.
Official data on Friday showed growth in the October to December period from a year earlier was 6.8 percent, unchanged from the third quarter and above analyst expectations for 6.7 percent growth. Growth for the 2017 full year picked up to 6.9 percent year-on-year, the first annual acceleration for the economy since 2010.
Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth.
The world’s second-largest economy easily beat the government’s target of around 6.5 percent for 2017 and quickened from 2016 growth of 6.7 percent, which was the weakest pace in 26 years.
“China’s growth is very healthy,” said Iris Pang, Greater China Economist, ING, Hong Kong.
The annual pickup in growth comes as the government steps up its crackdown on risky investment and high leverage ratios as well as its fight against pollution.
Despite strong overall growth, there have been signs of weakening momentum in the economy as firms face higher borrowing costs and the government tries to rein in credit.
Growth of fixed asset investment, much of it government-directed, fell to the slowest pace since 1999 at 7.2 percent last year.
China’s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum.
Meanwhile, China’s bank lending halved in December as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny. - Reuters/The Star Online"
Official data on Friday showed growth in the October to December period from a year earlier was 6.8 percent, unchanged from the third quarter and above analyst expectations for 6.7 percent growth. Growth for the 2017 full year picked up to 6.9 percent year-on-year, the first annual acceleration for the economy since 2010.
Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth.
The world’s second-largest economy easily beat the government’s target of around 6.5 percent for 2017 and quickened from 2016 growth of 6.7 percent, which was the weakest pace in 26 years.
“China’s growth is very healthy,” said Iris Pang, Greater China Economist, ING, Hong Kong.
The annual pickup in growth comes as the government steps up its crackdown on risky investment and high leverage ratios as well as its fight against pollution.
Despite strong overall growth, there have been signs of weakening momentum in the economy as firms face higher borrowing costs and the government tries to rein in credit.
Growth of fixed asset investment, much of it government-directed, fell to the slowest pace since 1999 at 7.2 percent last year.
China’s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum.
Meanwhile, China’s bank lending halved in December as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny. - Reuters/The Star Online"
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| https://tradingeconomics.com/china/government-debt-to-gdp |
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