Corporations and all governments everywhere did the 'deficits don't matter', and their debt load s up some 60%. So, for China, 1.3% more of their GDP growth is devoted to paying interest, forever. I say growth because this is yield, surplus that has to be accumulated from operations. So, potential and actual growth drop over the entire Walrus.
This is a sympton of he SecStags, the ultimate cause if the demograpbhic shifts caused by Kanosian policy, the Kanosian war crimes. We self adjust, both sides adapt, so if you want to kill off the young, promise more cookies to the old.
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