In recent years, the scale of debt in countries around the world has continued to rise, especially under the impact of the new crown epidemic, countries have tried to stabilizeEconomyand the promotion of development have increasedDebt。According to statistics, from January to June this year, the total debt of countries around the world reached 2,100 trillionRMB, an increase of 70 trillion over the same period last yearRMB。This number presents us with a huge number that shows the countries of the world inEconomyPressures and challenges in the development process.
The increase in debt is due to the impact of the new crown epidemic, and countries have implemented itEconomystimulus measures, including increased fiscal spending andCurrency**Wait. These measures are designed to promote:Economyrecovery, but at the same time, debt is rising. However, while increasing debt can be stimulatedEconomydevelopment, but excessive borrowing will also giveNational economyCarries a significant risk.
Top three in the worldEconomyAmong them, the United States and China are the most noteworthy. The United States asworld economyof the bellwethers, itsDebtThe scale is staggering. According to the data, AmericanDebtIt has exceeded 230 trillion yuanRMB, which is expected to be within 10 yearsFiscal deficitsIt will exceed 21 trillion yuanRMB。This number is huge, and not only for the United States itselfFinanceStability poses a threat, and it could be globalFinanceThe market has had a major shock.
In contrast, the Chinese oneDebtThe scale is relatively small and steadily controllable. China's currentDebtThe scale is about 8 trillion US dollars, and the use is mainly used for infrastructure and livelihood projects. Moreover, China has been tightly controlledDebtproportions, to keep them within a reasonable range. This makes China relatively safe and stable in terms of debt, and the control of debt ratio also reflects China's best rightEconomyEmphasis on steady development.
Why does the state need to borrow?DebtIssuance is a common and necessary financial instrument that helps the state to achieve itEconomyDevelopment and maintenanceFinanceStabilize and guarantee social welfare.
First of all, borrowing can provide financial support for the state for infrastructure construction, education and medical care and other public utilitiesInvestments, pushEconomyDevelop and increase employment opportunities.
Secondly,DebtThe issuance can help the state regulateEconomyCyclical fluctuations. InEconomyOn the downside, a modest increase in debt can stimulate demand andInvestments, promoteEconomyRecovery. And whereasEconomyWhen there is a high rate of growth, it decreases moderatelyDebtto help prevent itEconomyOverheating and inflation risks.
At the same time,DebtThe issuance is still the stateForeign exchange reservesway. Foreign exchange reservesFor the stateEconomyStability and international competitiveness are of great significanceDebtThe issuance can increase the number of countriesForeign exchange reserves, provide ampleForexReserves of funds.
However,DebtIssuance also requires reasonable control. Excessive borrowing can lead to fiscal risk andFinanceMarket volatility that seriously affects the countryEconomyStability and development. Therefore, the state needs to:DebtManagement process, controlDebtScale and useDebtRationality of income, ensureDebtSustainability.
Recently, China, the United States and Japan are the threeEconomyThe company's liability data is made public. JapaneseDebtThe scale has reached 84 trillion yuanRMB, ChineseDebtThe size is about $8 trillion, while the United States has exceeded 230 trillion yuanRMB。The ** of these figures has aroused concern across the globeEconomyStable andFinanceRisk concerns.
Japan is the third largest in the worldEconomybody, itsDebtThe scale is relatively large. According to the data, Japan'sDebt240% of its GDP, which means it takes more than two years to spend its entiretyEconomyincome to pay off everythingDebt。Such a high percentage of debt ratios for the stateEconomyis a major challenge and a hidden danger.
Compare this to the AmericanDebtIt's even bigger. As the world's number oneEconomybody, AmericanDebtIt has exceeded 230 trillion yuanRMB。It is expected that in the next 10 years, the United StatesFiscal deficitsIt will be further expanded. This means that the international credit of the United States and the position of the dollar could be severely impacted to the worldEconomyThe landscape brings great uncertainty.
China is the second largest in the worldEconomyhas made amazing achievements in the past few decades. Despite the relatively small size of the debt, China** has been committed to reasonable controlDebtProportions and liabilitiesInterest。This kind of healthyDebtManagement as wellEconomyThe take-off of ChinaEconomyAttracting attention on a global scale.
After three years of testing the new crown epidemic, countries around the worldEconomyAll have been greatly impacted. However, ChinaEconomyIn steady recovery and development. OursEconomyThe fact that development can be maintained within a reasonable and controllable range sends a positive signal.
China's currentEconomyThe growth is mainly due to the continuous growth of the service sector. The service sector has overtaken Japan to become the second largest in the worldEconomyBody. According to the data, China's debt ratio is within a controllable range, which further proves oursEconomyDegree of external dependence and stability. At the same time, China ** inEconomyAlways maintain balance in development and focus on controlDebtof size and useDebtReasonableness of income.
In the post-pandemic era, we are facing new challenges and opportunities. ChinaEconomyIt will continue to maintain a steady development trend for the worldEconomygrowth contributes. We believe that under the leadership of the first ChinaEconomyRecovery will be accelerated, and continue to beworld economyto the development of the contribution.
In short, the debt problem of countries around the world is very importantEconomyStability and development are of great significance. Reasonable controlDebtScale and useDebtThe rationality of income for the stateEconomyStability and sustainable development are essential. At the same time,DebtThe issuance is also a stateForeign exchange reservesa way for international competitiveness andFinanceStability is also important. We need to study and understand in depth the countries of each countryDebtCondition, forEconomyDevelopment and risk prevention provide corresponding references.