Chinese National Debt

China. An incredible nation, of history and culture. Today it is the second largest economy in the world, it is the power house of the global economy, home to names such as CCTV, Huawei, ZTE, ICBC, China Mobile, Ping Insurance and Bank of China.

To fuel the growth, the nation has been using debt to finance its expansion.
The numbers are non-trivial.

$1,980 billion Central Government
$2,720 billion Financial Corporations
$2,075 billion Non-Financial Corporations

US $6,776 (this is about 33% of the US National Debt….)
UK £4,540 billion = £4.54 TRILLION

So one can see that the debt of the finance and commercial sector totally overshadows the Central Government debt.

These are huge figures. Evidence of the global addiction to debt.

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