I totally Agree. Most anti-China posters grab a piece
of anti_China propaganda and post it as evidence
that China is heading for a big burst, The latest being
a comparison between the rate of change of debt in China vs
that of the USA.
Comparing China to the USA is like comparing oranges to apples;
they are vastly different economies with different economic evolutionary
paths.
Re: Comparing China debt to that of the USA.
(a) China's GDP (PPP) is much bigger than that of the USA and has been so since 2015
(b) China has a mixed capitalist system ...55% Private enterprise and 45% State Capitalism
(c) Chinese Government has enormous asset value in its SOEs
(d) USA has virtually no SOEs (its against its Neo-Liberalism to own SOEs)
(e) Apart from its SOEs, China has enormous wealth in its Forex Reserves and US Treasuries (say $3.5 Trillion USD)
So when it comes to comparing China to the US one must
(1) Look at the net value of China's SOEs (asset value minus debts
(2) subtract this SOEs net value from China's published National debt
(3) then subtract China's $3.5 Trillion assets....(Forex Reserves and US Treasuries)
And hey presto, you are comparing apples to apples
PS There is much ado about China's States' debt but that is
insignificant compared to the US States & Muni debts and
by the way , many US Munis have gone Bankrupt while
none in China have gone bankrupt yet.
Add to that , China has taken about 600 million Chinese out of abject poverty over the past decade
while the US is still driving some of its citizens into homeless/abject poverty.
