[Sobieski at Kahlenberg Mtn.]

China’s debt tops 300% of GDP, now 15% of global total: IIF

https://www.reuters.com/article/us-china-economy-debt-idUSKCN1UD0KD

Excerpt:

“While authorities’ efforts to curb shadow bank lending (particularly to smaller companies) have prompted a cutback in non-financial corporate debt, net borrowing in other sectors has brought China’s total debt to over $40 trillion - some 15% of all global debt,” the report said.

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This was from 2019 . China’s becoming the world currency would be more political than economical given their debt, but since they are a communist government it would help usher the world closer to a one world UN type government IMO.

[Bob Ireland]

***China’s becoming the world currency would be more political than economical given their debt***

China is not agitating for the Yuan to be the world's reserve currency; rather a combination of currencies including the Yuan - and excluding the dollar. A year or so ago I think the Ruble was part of the conglomerate; not sure now.