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Off-topic for aiqbench

Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

China’s debt interest costs are soaring above U.S. levels and growing faster than any other budget category as Beijing struggles to prop up growth

Fortune3 min read

China’s spending on interest payments accounts for 19% of the central government’s general public budget and skyrocketed 341% between 2013 and 2025.

The world is flooded with debt, but while the U.S. and Europe have caused angst on global markets lately, China’s fiscal situation isn’t looking so great either. In fact, China’s debt has shot up so much in recent years that interest payments on all its borrowing are commanding a bigger share of public spending. Debt-servicing payments will account for 19.2% of the…

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