China has been touted by Sinophiles as the future world leader. However, under the skin of this rising giant, there are clear signs of infirmity.

http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-HOUSEHOLD/010030H712Q/index.html

"China’s debt has risen dramatically in the past decade, largely the result of credit fed to state-owned enterprises in the wake of the global financial crisis. To some, the debt mountain represents a threat to China’s stability and even the world’s economic health, while others argue such fears are overdone as most of the country’s debt is state-owned and therefore, they say, manageable.

China’s debt is more than 250% of GDP, higher than the United States. It remains lower than Japan, the world’s most indebted leading economy, but some experts say the concern is that China’s debt has surged at the sort of pace that usually leads to a financial bust and economic slump.

However, when government debt is removed from the comparison, you see a very different picture. China’s corporate and household debt has risen sharply and this is where most worries are focused."

Reminds me of Vic Labor's debt.

Plus, the CCP is s..t frightened of 1.4 billion Chinese, and they have to spend a lot more money, time and effort on keep the population under control than any other country they want to emulate or better.

As far as the West in general, and Australia particularly, are concerned, the biggest enemy is not China, but our own political class and mainstream media: something we share with the ordinary citizens of China. Our thugs might not be as bad as theirs yet, but they are have been moving in that direction since Covid (they copied the CCP 'solution'); and they are continuing with Zero Emissions, increasingly dearer electricity, ripping up the environment with windmills and solar panels and closing down reliable coal power. They are also threatening us with a cashless society, and have announced that vital pain-killing medication will be restricted - all because a mere 225 Australians have overdosed.

We need to start protecting ourselves from the enemy within first before we deal with China, which our inner enemies saddled us with in the first place.

Reminds me of the trillion dollars of Liberal debt with an interest payment of +$20 billion p/a that Australia has nothing to show for except a few extra mega rich billionaire mates of ScumO' and Friedbrain.

America has had three major bank collapses this year, with proportionately greater debt than all the American bank collapses during the Great Depression of the 1930's. What some don't understand, it is Australia's trade with China which is the single major factor for our prosperity.

p/s, We are now committed to paying the Piper $300 billion plus, plus, plus, on the never never, for rusty old war surplus nuclear tubs that will be under the direct control of the warmongers in Washington, ordering Australia to threaten the Chinese, we wont have a say! Where is Australia's sovereignty now?

You can always rely on the Village idiot to say something stupid and blatantly false. China is financially in the poo whereas the US is not. I know that this is difficult to understand as you run out of fingers.

Also, why do you keep talking about the $trillion of Labor debt that is increasing at a massive rate?

SM,

I don't need to sink to your level of name calling, it just shows how pathetic and brainless you are. AND, YOU claim YOU run a $100 million dollar pickle business, me thinks YOU are very much a "hands on" kinda guy, hands on first thing in the morning, hands on at lunch time, hands on in the evening, and of course hands on when you go to bed at night, fella YOU are a forum joke! Even a person with your marginal brain capacity, should know what I say is true.

After all, YOU are a devout TRUMPSTER, hummm I should know better than expect intelligent comment from a knuckle dragger like YOU!

I agree fully with what Paul wrote in his first comment except for one thing.
It's not Liberal debt, nor is it Labor debt either shadowminister.
It's both main parties debt, and it's also our debt thanks to both their mismanagement and incompetence.

4 Reasons Why China Can Overcome its Debt Uncertainty
http://www.eastspring.com/insights/improving-air-quality-for-sustainable-growth-in-korea/4-reasons-not-to-worry-about-china-s-debt-problem
- FYI, this information is not current, same as your reuters article shadowminister.

"China is financially in the poo whereas the US is not."
- I'm seeing a lot of stuff coming out about the banking crisis or what could be the beginnings of a financial crisis.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
- The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
http://www.propublica.org/article/national-debt-trump
"One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office."

- I agree with what ttbn said as well.