Chinese debt is at 200% of GDP.
Ours is at 100% of GDP
They are lecturing us about excessive debt.
Just sayin’
Oh, and by the way, their economy depends about 75% on selling goods to the US.
US buys good from China because China lends us the recycled dollars to keep us buying Chinese goods.
Our economy is in the dumps because of the 75% we buy from.
The less we but from China the better our economy gets.
The less China sells to US the worse their economy gets.
Who has the bigger problem here?
Ours is at 100% of GDP.
Ancient Chinese proverb: All debts are eventually repaid, if not be the borrower, then by the lender. The hoof beats you hear are those of the Four Horsemen of the economic apocalypse.