The funniest thing is it really does seem to be only the lowest IQ old boomers and young neckbeards in the West that believe Gordon Chang, Peter Zeihan, Jordan Peterson, Falun Gong, Shen Yun, and the various YouTubers, etc.
Trump 2.0 official thread
- Thread starter siegecrossbow
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The funniest thing is it really does seem to be only the lowest IQ old boomers and young neckbeards in the West that believe Gordon Chang, Peter Zeihan, Jordan Peterson, Falun Gong, Shen Yun, and the various YouTubers, etc.
That's an overly simplistic way of looking at debt. Generally speaking debt matters only when it affects how a government conducts itself. If the Chinese government created a group like DOGE and started looking at general cutbacks then you might have an argument, but that's not how the current world works. Another point is that China has a huge trade surplus which means that it has access to a huge amount of hard currency. China might be less affected by debt than any country in the developed world.
Hold up, I just realized something. Did comrade Chang AND comrade Zeihan both train at the MSS school for Misinformation Intelligence? How did I not see this before? Anyways, o7 to both patriots of China.
They also both report to the same handler. Chen Weihua.
supercat
Colonel
Almost all the investments you mentioned above are currently generating revenues for China's economy and are critical for China's long-term development and prosperity. On the other hand, China has more than 90% home ownership, $22 trillion household savings, $3.2 trillion foreign exchange reserves, and more than 2,000 tons of gold (nobody knows the real number). China's debt problem is greatly exaggerated.
You're missing the $400+ billion for Veterans Affairs. VA's requested budget for FY 2026 is $441 billion.
China does not have a government debt problem. Don't be fooled by Western reports that only look at debt-to-GDP ratios. If we only go by debt-to-GDP ratios, then Singapore with one of the highest government debt-to-GDP ratios in the world at 175% would be in much worse financial shape than Greece, Italy, and France. Yet, Singapore is universally considered to have one of the best financial situations. This is because the (companies, stocks, bonds, etc.) whose total value far exceeds its debts.
Similar to Singapore, the Chinese government also owns massive amounts of assets. Total assets of non-financial SOEs alone was more than 370 trillion rmb (52 trillion usd) as of end of 2023 or about 3x China's GDP that year. The fact that means the financial markets think China has the same default risk as the entity that prints dollars, which is zero.
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