Kunpeng Project
China, the United States and Japan disclosed public debt, the United States exceeded 340 trillion, Japan nearly 10 trillion, what about China?
The debt situation of China, the United States, and Japan has been revealed, of which the debt of the United States exceeds 34 trillion yuan, while the total debt of Japan has reached 10 trillion yuan, and what is the debt situation of China?
Many people believe that Evergrande owes 24 trillion is the so-called "natural debt", in fact, it is just a debt. Remember, a country has much more debt than that, the United States now has 34 trillion in debt, while Japan has 10With a debt of 5 trillion yuan, how big is China?
01International debt hit a new high.
As we know, when a nation develops, it will not only create endless wealth, but also bring about an increase in debt, especially when a country's economy is growing rapidly, its debt will also increase.
In 2022, for example, world debt reached an all-time high, exceeding $310 trillion for the first time, while according to the World Institute of Finance, the world's debt growth reached a "staggering" $100 trillion in the past 10 years. The countries with the largest increases are the United States, Japan, the United Kingdom, France.
However, the combined GDP of all countries in the world is only 100 trillion, and the world's debt has been around 300 percent in the past two years.
02 The size of the U.S. debt.
The data shows that in the past 10 years, the debt growth rate of the United States, Japan, the United Kingdom, France is the highest, first of all, the debt growth rate of the United States is the fastest in the world, the GDP of the United States is the highest in the world, but its debt is the highest in the world.
Earlier in January, the U.S. Treasury Department released figures showing that the total U.S. debt exceeded 34 trillion for the first time and is still on track for 35 trillion. In September 2023, the U.S. debt will only be 33 trillion. Now, in just three months, the size of the US debt has risen to one trillion, indicating that it is rising at an alarming rate.
The United States now has a population of more than 300 million, and the average American has a debt of $100,000, which will take 22 years to pay off at $1,000 a month.
However, U.S. bonds also have their own characteristics, and U.S. bonds are not limited to the United States, and there are also many U.S. bonds abroad, but the number is very small, only about 700 billion yuan, accounting for only 22 percent of the total U.S. debt5%。
In addition, nearly eighty percent of the remaining debts of more than 26 billion yuan are from the Americans themselves! So, in some ways, U.S. debt is more of an "internal debt," like U.S. companies, institutions, groups, institutions, and so on.
However, in recent years, US interest rates have been rising, and many countries have begun to sell US bonds for safety, and the higher the debt accumulates, the more obvious the danger becomes.
So far, the United States has not cut interest rates, which means that the United States will remain at a higher rate, which will increase the amount of interest it has to pay. By 2024, the U.S. national debt will reach 76 trillion, plus the United States is currently up to 1With a budget of $7 trillion, the U.S. debt situation will get even worse.
However, U.S. Treasury Secretary Janet Yellen said that the U.S. economy has achieved a soft landing, and the latest U.S. non-farm payrolls report has also exceeded people's expectations, so in the long run, the U.S. economy is not as bad as they think, but it is not as bad as we think, which is a sane question.
03 Total Japanese debt.
Japan's debt, although not as much as that of the United States, surpasses that of the United States and even ranks first in the world.
Since the 1990s, Japan has moved from rapid growth to a prolonged period of low growth, with its potential falling from 4% in the 80s to 0% today4%。
There are many factors contributing to this phenomenon, including labor shortages due to declining birthrates and aging populations, technology mismatch, slow corporate metabolism, sluggish local economic development, and low desire among young people, all of which are the main factors contributing to Japan's rising debt ratio.
Japan's debt is GDP25 times, this is the figure released by the Ministry of Finance, so Japan's debt is as high as ten trillion, which is equivalent to 250% of GDP.
04 China's debt situation.
According to recent figures released by the Bank, China's holdings of bonds reached 261 trillion, while its GDP in the previous year was 12 a trillion, the debt ratio was only 215%。Even if you add 30 trillion local debts, it is only 561 trillion.
Judging from the current foreign exchange reserves, the current scale of foreign exchange reserves has reached 398 trillion, the United States and Japan reached 34 trillion and exceeded 10 trillion, respectively. In addition, our country's GDP in 2022 is 12 a trillion, and the debt ratio is only 215 percent, 136 percent in the United States, 250 percent in Japan, and our debt ratio is already very small in terms of GDP alone.
However, we should also see that in our country, we should consider it as a consideration. Statistics show that for the first time, the country's debt balance exceeded 40 trillion. But this does not include those "hidden" local ** bonds, and it is precisely because of the "hidden" nature of these bonds that it is difficult to measure.
In a report published by Standard & Standard, China's hidden debt could reach 40 trillion or even higher, while the company has not published any detailed figures for the past few years.
But there are also people** that the potential debt of the United States is as high as 60 trillion, and if calculated according to this figure, the total debt of the whole country will be as high as 111,000 yuan, which is equivalent to 112,000 yuan. At 95% of its GDP, it is also much higher than that of the United States or Japan.
In general, our debt level is not as high as that of the United States, the key is that our debt ratio is still under control, and our debt also includes a large amount of infrastructure, including infrastructure, airports, high-speed rail, subways, tunnels, bridges, highways, etc. While the debt is rising, it has also effectively promoted the local economic development and transportation situation.
In the long run, investment in infrastructure can drive local economic development, strengthen inter-regional ties, and lay a solid foundation for long-term economic development.
The U.S. economy is supported by consumption and the fiscal sector. A lot of money was printed and then given to families and companies. After spending, although there are no fixed assets, debts continue to accumulate. In this case, there is a high possibility that a debt crisis and an economic crisis will erupt in the event of defaults in the future.
After all, the development mode of all countries is different, China is based on large-scale industry and manufacturing, based on manufacturing, and the United States, as the world's largest economy, is dominated by yuan, and is more dependent on consumption and services.
So, what do you think is the amount of debt between the United States, Japan, and China?
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