larry johnson explores debt, china's and ours, revealing a host of things we'll be encountering; 

 

This article is longer than my usual contribution, but the issue is of critical importance. Donald Trump’s meeting with Xi Jinping is taking place at a time of unprecedented economic turmoil caused by the closure of the Strait of Hormuz. As I have discussed in my recent articles, the disruption of the supply chains for oil, Liquid Natural Gas, sulfur, helium and urea marks a global event that has not happened in modern history.

Many Western economists claim that China’s economy is more troubled than the US, even though the US has a far worse debt to gdp ratio. Based on official data from US government sources and China’s State Administration of Foreign Exchange, the United States has a significantly higher debt-to-GDP ratio than China. As of the end of 2025, the US ratio was 122.6%, while China’s ratio was 11.9% .

However, it is crucial to understand that these two figures measure very different things. They are like comparing the debt of an entire country to the foreign debt of a single corporation. Here is a detailed breakdown of the comparison.

The Western analysts give the edge to the US over China using the following criteria:......more...........