I have to admit, this is an interesting question.
And it’s actually not a new one, either.
As part of our analysis of the Chinese bond market, we have been tracking all the bonds issued by Chinese railway companies and their issuers for a few years now.
The data shows that, from 2009 to 2013, China’s railroads had a total of about $2.4 trillion in total debt.
As of the end of 2017, the total debt held by China’s railway companies was about $9.3 trillion.
In the US, the railroads debt held per capita was about 12 times that of China’s.
So what’s going on here?
One explanation is that, despite being a very large economy, China is a fairly small country.
The average size of China is about 10 million people.
And, while it’s been relatively successful at building the infrastructure it needs to support its rapidly expanding economy, there are still a lot of infrastructure problems to overcome, which means that China’s massive debt pile can’t be managed on an even playing field.
Another explanation is the fact that the country is so large that the government has the ability to take action to help the people in need, but in the absence of a formal banking system, the people themselves can’t do much about it.
It’s difficult for them to buy and sell bonds, which can only lead to bad results.
Still another reason for the massive amount of debt is the huge amount of private debt that the Chinese economy has, even if it doesn’t seem like much right now.
As the graph below shows, in 2010, China had about $13 trillion in private debt, and as of 2017 it has more than $30 trillion.
This debt pile is a far cry from the $9 trillion in debt that was held by the country’s state-owned enterprises in 2009.
So where does all this money come from?
According to a new study, China has about $6 trillion in privately held private wealth.
This is more than all of the money that the US holds in the Federal Reserve System.
The US is the largest debtor in the world, with $19.7 trillion in assets and debts.
And China, by comparison, has just over $1 trillion in its private wealth, with only $1.4 billion in assets.
China’s private wealth also includes a number of investment funds, which could help to fund the countrys debt problem.
These funds are usually managed by private banks, which have an incentive to lend out money when the Chinese government is trying to bail out the private sector.
And there are also private banks that can lend to companies that have a debt problem, such as pension funds.
So, the bottom line is that private wealth is important to China, and, for the most part, it’s not a problem that the world has to worry about.
It will help to fix the infrastructure problems that the people of China have.
But, it won’t solve the underlying problem that China is having.