Do you think china's market is free? If so, the stated owned companies are the ones carrying the debt. Not sure how different that is to a state having the debt.

https://www.cnbc.com/2021/06/29/china-economy-charts-show-how-much-debt-has-grown.html

And what about my other question. Where does this jump come from?

[–] zephyreks@lemmy.ca 0 points 1 year ago (1 children)

Turns out, it's advantageous to loan out money when global interest rates were dropping to about 0. Who woulda thunk?

[–] agarorn@feddit.de 2 points 1 year ago (1 children)

What are you talking about? China was never at 0% interest. What does that has to do with the previous comment?

[–] zephyreks@lemmy.ca 1 points 1 year ago

The principle being, lower interest rates lead to more debt because spending is less expensive.

[–] agarorn@feddit.de 1 points 1 year ago

Look at the 5 year view to see the jump