Wall Street Mav
Wall Street Mav|Apr 12, 2025 18:33
China’s credit rating has been downgraded as debt balloons and Trump’s Tariff Cliff takes aim at the Communist regime’s economic weak spot: its dependency on the U.S. consumer. Key Details: China’s credit rating was cut last week as its government debt spirals and public finances deteriorate. Trump’s tariffs have only deepened the crisis by threatening the foreign revenue China depends on to stay afloat. Debt-to-GDP is projected to jump from 60.9% in 2024 to 74.2% in 2026, with annual deficits surging to 8.4% of GDP—nearly triple the pre-COVID levels. While Beijing called the downgrade “biased,” the numbers tell the story: a collapsing real estate sector, falling land-sale revenues, and a looming export crunch point to structural failure. See link below for more
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