Okay, here's a comparison of China and the US in terms of money supply and debt:

1. Money Supply (M2):

* China: Approximately $44-45 trillion USD (as of February 2025).

* United States: Approximately $21.76 trillion USD (as of March 2025).

* China's M2 money supply is more than double that of the United States. This difference is attributed to different financial systems, government policies, and economic structures.

2. Federal/National Debt:

* China:

* National Government Debt: Approximately $4.23 trillion USD (December 2023).

* Government Debt to GDP Ratio (including augmented debt): 124% of GDP (mid-2024).

* United States:

* National Debt: Approximately $36.21 trillion USD (Q4 2024).

* The US debt-to-GDP ratio was 121.57% as of Q2 2024.

* The US has a significantly larger absolute national debt than China. However, China's augmented debt-to-GDP ratio is comparable to that of the US.

3. Augmented Debt:

* China: Augmented debt (including LGFVs) reached 124% of GDP in 2024, up from 86.3% in 2019.

* United States: The term "augmented debt" is not commonly used in the context of US national debt. However, the US national debt is projected to reach 156% of GDP by 2055.

* China's augmented debt is a significant concern due to the liabilities of Local Government Financing Vehicles (LGFVs). The US does not have a directly comparable category of debt.

4. Ownership of Debt:

* China: Primarily domestically held by Chinese banks, financial institutions, the central bank, regional banks, institutional investors, individuals, and corporations. Foreign investors hold a relatively small portion of China's domestic debt.

* United States: Held by a mix of domestic and foreign entities. Domestic holders include the Federal Reserve, mutual funds, depository institutions, state and local governments, pension funds, and insurance companies. Foreign holders include Japan, China, and the United Kingdom.

* Both countries have a mix of domestic and foreign debt holders, but China's debt is primarily held domestically.

Key Differences and Considerations:

* Debt Composition: China's debt includes a significant portion of "hidden" debt through LGFVs, whereas the US debt is more transparent.

* Economic Impact: Both countries face challenges related to high debt levels, potentially impacting economic growth and fiscal stability.

* Money Supply: China's larger money supply reflects its unique economic and financial system.

Is there anything else you'd like to know or any other comparisons you'd like to make?