Tag: Debt

The risk of US debt default is delayed, but the two parties still “play a political game with the national wallet”

Beijing, Oct. 13 (Xinhua) according to a comprehensive report, on October 12 local time, the U.S. House of Representatives finally approved raising the debt ceiling, and the government borrowing limit was temporarily raised to $28.9 trillion, so the risk of default will be postponed to at least early December. However, the media pointed out that the fierce quarrel and political struggle between the two parties in the United States continued, and it was criticized that “lawmakers are playing games with national wallets”.


Global in-depth observation – there is a lot of chaos in the political arena, and the media bluntly say that “American democracy” has disappeared

In recent days, the US political arena has been full of chaos, the two parties have been deadlocked on the debt issue, the Federal Reserve scandal and various negative political events have been frequently seen in the major media. These chaos have exposed the deep-seated problems of American political operation. Some media say that “American democracy” has mysteriously disappeared.


The scale of US debt has soared by 40%, but the US still wants to borrow 2,699.2 billion! China puts 598 billion into the market in 5 days

This article is an original article of”Golden Ten Data”. Reprinting without permission is prohibited. Offenders must be investigated. Recently, US media reports pointed out that in the past four years, the scale of US debt has seen”explosive” growth. Data shows that at the end of 2016, the US debt scale was only 19.98 trillion US dollars, but when Trump recently”handed the baton”, this figure has soared to 27.8 trillion US dollars, a cumulative increase of nearly 40%.


The debt tsunami strikes:China has implemented the largest amount of debt relief in the G20, and many countries are eager for China’s debt relief. Experts say”all relief is impossible.”

Author | Guan Junran Editor | Qi Fei Affected by the new crown epidemic, the fifteenth summit of the Group of Twenty (G20) leaders was held in online video from November 21 to 22, 2020. The discussion at the meeting focused on how to respond to the health security and humanitarian crisis caused by the new crown epidemic and steadily achieve global economic recovery. The leaders of the 20 countries used their national flags as the background and presented them on the big screen in small squares.


The per capita debt is 120,000!”Big savings country” becomes”big debt country”, where do young people spend their money

The arrival of an economic winter in 2020 will bankrupt tens of millions of people in the United States and become poor. In India, as many as 100 million people will return to poverty! However, because China has the highest savings rate in the world, we have weathered this crisis steadily and the economic recovery is extremely strong. But we can’t be blindly optimistic, because our savings rate is actually in a downward trend.