Text: Lazy Sheep Sheep
All of the statements in this article are based on reliable sources and are reproduced at the end of this article
Preface
Indebtedness is everywhere, personal housing loans, car loans, business loans, and even the state has a certain amount of debt.
Even the United States, the world's largest economy, has a debt of more than 34 trillion US dollars (245.9 trillion yuan).
The economy is the best proof of a country's strength, and if a country wants to develop rapidly, debt is inevitable.
Just last year, the global debt increased, and the global debt continued to grow due to the influence of Europe and the United States, and the three major economies of China, the United States and Japan at this time became the object of global attention.
Among them, the latest debt of the United States has exceeded 245.9 trillion yuan, and Japan has reached 1270.499 trillion yen (68.1 trillion yuan) in 2022, so how much is China?
U.S. Treasuries are rising like crazy
Now the US Treasury bonds are still rising like crazy, and the rise of these Treasury bonds is not the most worrying US national leaders, but the ordinary people of the United States.
The rising national debt is bound to take a toll on their economy, and even for all Americans.
Because the national debt continues to rise, it means that the United States will continue to borrow a large amount of debt, and the national debt is the state to borrow money from individuals, and its interest rate is very high.
Many prudent investors are very fond of investing in this type of debt, because it is guaranteed by the state, so such an investment is simply a sure bet.
Even the opportunity to lend money to the state is rare, and many people will not be able to grab such an opportunity, and this kind of state-issued bonds are usually considered "gilts" by industry insiders.
There are generally three types of government bonds: certificate treasury bonds, bearer (physical) treasury bonds, and book-entry treasury bonds.
And the United States is now in debt rising, although the state as a guarantee interest rate is also high, but when the debt is repaid, I don't know when it will be, you can't urge the state to repay the money.
There is another thing that affects the people of the United States, that is, the interest rate on mortgages, which is that the state in order to make more money, the state makes money, and the country still makes money from the people or enterprises, and increases the collection.
Or reducing the salaries and benefits of some government workers, or reducing subsidies for education and subsidies for the poor, and increasing taxes, all in order to fill the hole in the national debt.
In the end, it is the people who suffer, which means that the money to repay the national debt still has to be obtained from the people and enterprises.
The United States is basically a national debt, and the debt from overseas investment accounts for a small part, so the state of the United States' debt to its own country is "unhurried".
Sooner or later, these holes will be filled because of higher taxes and higher lending rates, so the US national debt is still expanding, adding $1 trillion to debt in just three months.
Now that the U.S. national debt has exceeded 34 trillion U.S. dollars ((245.9 trillion yuan)), the interest on future repayments will naturally continue to rise.
And now many Americans, even mainlanders, have begun to sell their U.S. bonds, for fear that they will become "pick-up heroes".
After talking about the United States, let's talk about Japan among the world's three major economies, although Japan is small, but its economy is not bad, even if Japan is the country with the highest debt ratio in the world, then he must be one of the three major economies.
2024-05-09Overseas Network "US Media: The Scale of US Treasury Bonds Continues to Soar, Experts Warn of the Consequences or All Americans Pay"
Japan is the country with the highest debt ratio
According to the data released by Japan in 2022, at that time, Japan's debt situation had reached "1270.499 trillion yen", which is equivalent to 68 trillion yuan.
Although the 68 trillion yuan debt situation is very different from the 245.9 trillion yuan of the United States, a large part of this is due to the fact that Japan's own economic strength is very rubbish.
Japan's GDP was only 4.2 trillion US dollars or 30.3 trillion yuan last year, and it has fallen out of the world's three major economies to become the world's fourth, while Germany has jumped to the world's third with 4.4 trillion US dollars.
Japan's national debt is now more than twice the GDP of its own country, and although the US has a large national debt, it cannot withstand the strong economic strength of its own country.
Japan's debt ratio is far from being twice as high as its own GDP, so Japan's current situation is unavoidable, not only because of development, but also because natural disasters are unavoidable.
At present, Japan can only maintain low interest rates, and the debt burden is too heavy, so it is best to maintain the status quo with low interest rates, and if interest rates are raised and interest expenses increase, then Japan is likely to be crushed by debt.
Now the United States is eyeing the yen, not only for Japan, but for the monetary economy of Asia as a whole, and in fact, it is still targeting the mainland.
2023-08-07National Business Daily "64 trillion yuan! Debt "explosion"! After the United States is "downgraded", Japan may become the next one? 》
China's debt situation
According to the latest data released by the central bank of the mainland, a total of 7,158.29 billion yuan of various bonds were issued in the mainland.
These include treasury bonds, local governments, financial bonds, corporate credit bonds, credit asset-backed securities issuance, interbank certificate of deposit issuance, and so on.
However, among them, only "treasury bond custody and local government bonds" belong to the state, which are 29.8 trillion yuan and 41.5 trillion yuan respectively.
The total is only 71.3 trillion yuan, which accounts for only 6/10 of the mainland's total GDP, and the mainland's GDP in 2023 will be 126.06 trillion yuan.
This is just obvious data that can be found by big data, but there are still many invisible bonds, calculated at 90 trillion, which is not enough to reach the interest rate of WeChat treasury bonds.
And Chinese bonds are still considered by professionals to be "gilts", that is, they are bought and sold without losing money.
This is reflected in the fact that the mainland is developing so rapidly, but the national debt has not burdened the people, let alone increased the pressure on the people.
Although the amount of debt I have is higher than that of Japan and lower than that of the United States, the debt ratio of the mainland is the lowest among the three countries.
In the development of any country, there must always be debts or where the country's economic development comes from, and these are all for the future of the country.
I also believe that when the country is in trouble, the people of the mainland will unite as one, face all difficulties together, and protect our ancestors to bring us this hard-won happy and peaceful life.
2024-04-26People's Bank of China "Financial Market Operation in March 2024"
Resources:
2024-04-26People's Bank of China "Financial Market Operation in March 2024"
2023-08-07National Business Daily "64 trillion yuan! Debt "explosion"! After the United States is "downgraded", Japan may become the next one? 》2024-05-09Overseas Network "US Media: The Scale of US Treasury Bonds Continues to Soar, Experts Warn of the Consequences or All Americans Pay"
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