Although residents are reluctant to take out loans, by 2026, the scale of new government debt in China might surpass that of the U.S. During the pandemic, the U.S. exceeded 40%, which caused severe inflation, but now it's back to around 25%. Meanwhile, 40% of China's current spending already relies on new debt, and yet there's still deflation Looks like as long as the money doesn’t reach the hands of ordinary people, there won’t be inflation At this rate, it seems like this can go on for a few more years