4) China does not have a debt problem, they needed to invest (ie take on debt) to keep the economy growing. Also, Chinese debt creation apparently mostly from basis of the savings of the Chinese people. The Chinese people I find are cheap, therefore everyone has some savings. People in America and Canada, it is said the majority lives pay cheque to pay cheque, which is an alien concept to a Chinese, because Chinese people are cheap.
5) America problem best way to describe it is that they have a money problem. There is not enough money in the system to do what they want. At this point, they print the money to do what they want.
This is a different problem. This is not really a debt problem. The debts of America can be solved by money printing, but that is not what is going on here. The money printing is just to stay afloat until things turn around.
That is the bet. Traditionally the money printing debases the currency, which in turn lowers the standard of living for the country. America has to kick their economy into gear before the currency debases. This will be a multi-year struggle maybe a decade or more. Will they do it? Hard to say.
It is still about the people.
That is in tune with what I wrote, Chinese channel their spare money to saving account while American channel theirs to equity market
(401K, IRA, etc).
This is reflected by a huge Market cap to GDP in the US compared to China
To be fair lot of non-US companies are listed on US market as well.