Title: China's National Debt Clock: What’s the Current Figure (and What's Included)? - Commodity.com
Headings: China’s National Debt Clock: What’s the Current Figure (and What’s Included)?
China’s National Debt Clock: What’s the Current Figure (and What’s Included)?
¥ 39,567,527,253,413
The National Debt Of China
What’s Included In China’s National Debt Figures?
Who Manages China’s National Debt?
How Are Policies Implemented?
What Is China’s Local Government Debt?
Chinese National Debt Vs. Local Government Debt
Is There Hidden Public Debt In China?
Other Sources Of Public
Debts Of State-Owned Enterprises
How Does The Chinese Government Raise Loans?
What Are Wealth Management Instruments?
Summary of Chinese Public Debt Types
Interested in Trading Commodities?
Further Reading
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Interest Payments Per Year
$177,817,500,000
Interest Payments Per Second
$5,639
National Debt Per Citizen
$4,093
Debt as % of GDP
49.99%
GDP Of China
$11,308,000,000,000
China Population
1,381,000,000
The National Debt Of China
Obligations that are not represented by bonds or bills, such as pension obligations or guarantees to the banking sector or private companies are not included in the national debt figure. Photo by Tanaphong Toochinda on Unsplash
China does not include the debts of state-owned enterprises into its accounts. These businesses, which are controlled either by the central government or by the local government represent a very large sector of the economy and banks lend to them in preference to private sector businesses. This credit availability makes state-owned enterprises potential cash cows for unscrupulous managers. What’s Included In China’s National Debt Figures? The table below explains what is included in the national debt figure and what isn’t: Chinese Government Obligation
Government Department
Included in National Debt? Government-issued bonds
Ministry of Finance
Yes
Short-term debt instruments
Ministry of Finance
Yes
Local government debt
None
Yes
Public-Private Investment initiatives
None
No
Civil Service and army pension obligations
All
No
Debts of state enterprises
Various
No
Debts of state-owned banks
Ministry of Finance
No
Guarantees to the private banking sector
Ministry of Finance
No
Debts accumulated by the governments of Macau and Hong Kong
None
No
Accounts Payable (unpaid bills)
All
No
Who Manages China’s National Debt? There are two types of public debt instruments in China: Central government bonds
Municipal bonds
The Chinese central government’s Ministry of Finance is responsible for raising funds for the national government and also supervising debt instruments issued by local governments.