Racing Against Time: China's Battle with Skyrocketing Debt | Digging into China скачать в хорошем качестве

Racing Against Time: China's Battle with Skyrocketing Debt | Digging into China

China's economy relies heavily on government borrowing to sustain exports, investment, and consumption. Massive infrastructure projects, subsidies, and handouts have driven GDP growth but pushed the macro leverage ratio past 300%, outpacing most nations. While developed economies deleverage, China's debt surges, with households and businesses nearing their limits. This approach, rooted in a 2008 stimulus, prioritizes stability over returns, risking a debt crisis by 2030. Alternatives like structural reforms or cash transfers are politically costly and slow, leaving borrowing as the default. U.S. tariffs and global isolation add pressure, with China’s fiscal space shrinking. If unchecked, China could face Japan-level debt within five years, undermining its global standing. The U.S., leveraging its consumer power, may outlast China’s debt-fueled strategy, potentially leading to an economic collapse without direct confrontation. Preparation is urged as crises may converge rapidly. Help me grow the channel by donating any amount through the link below—your support makes a difference! https://paypal.me/DonXiang Email me: DiggingToChina2020@gmail.com 0:00 Intro 1:11 The Debt-Fueled Engine of Growth 2:05 A Ticking Clock for Stability 2:53 The Burden of Borrowing 4:01 The Accelerating Debt Spiral 5:09 A Five-Year Countdown 6:03 The Illusion of Prosperity 6:59 Borrowing Without Returns 8:05 The Cost of Stability 8:56 The Road Not Taken 9:52 The Weight of External Pressures 11:25 The Global Chessboard