Effects of credit crunch Essay Example | Topics and Well Written Essays - 1500 words

Effects of credit jam - Essay Example data cover both exchange government debt and local government debt, which Chinas national Audit Office estimated at RMB 10.72 one thousand thousand (approximately US$1.66 trillion)in 2011 data exclude insurance bank bonds, Ministry of line debt, China Asset Management Company debt, and non-performing loans 51.9% of gross domestic product (2012 est.) 50.5% of GDP (2011 est.) note data cover central government debt, and exclude debt instruments issued (or owned) by government entities other than the treasury the data include treasury debt held by foreign entities the data exclude debt issued by subnational entities, as well as intra-governmental debt intra-governmental debt consists of treasury borrowings from surpluses in the friendly funds, such as for retirement, medical care, and unemployment debt instruments for the social funds are not sold at national auctions Central bank discount rate $3.389 trillion (31 declination 2011 est.) $4.7 63 trillion (31 declination 2010) $5.008 trillion (31 celestial latitude 2009 est.) $1.015 trillion (31 declination 2011) $1.616 trillion (31 December 2010) $1.179 trillion (31 December 2009) Commercial bank prime change rate 2.25% (31 December 2011 est.) 3.25% (31 December 2010 est.) 5.5% (31 December 2010 est.) 6% (31 December 2009 est.) note the Indian central banks policy rate - the repurchase rate - was 8% during December 2012 Stock of money 6% (31 December 2012 est.) 6.56% (31 December 2011 est.) 10.8% (31 December 2012 est.) 10.19% (31 December 2011 est.) Stock of quasi money $2.434 trillion (31 December 2008) $2.09 trillion (31 December 2007) $278.8 million (31 December 2009) $239.8 billion (31 December 2008) Stock of domestic credit $4.523 trillion (31 December 2008) $3.437 trillion (31 December 2007) $853.4 billion (31 December 2009) $687.7 billion (31 December 2008) Stock of narrow money $12.59 trillion (31 December 2012 est.) $10.92 trillion (31 December 2011 est.) $ 1.402 trillion (31 December 2012 est.) $1.249 trillion (31 December 2011 est.) Stock of broad money $4.91 trillion (31 December 2012 est.) $4.6 trillion (31 December 2011 est.) $342.3 billion (31 December 2012 est.) $305.7 billion (31 December 2011 est.) Taxes and other revenues $15.58 trillion (31 December 2012 est.) $13.52 trillion (31 December 2011 est.) $1.451 trillion (31 December 2012 est.) $1.293 trillion (31 December 2011 est.) Budget surplus (+) or deficit (-) 22.3% of GDP (2012 est.) 8.8% of GDP (2012 est.) -2.3% of GDP (2012 est.) -5.6% of GDP (2012 est.) Table 1 comparison between Indian and Chinese economies, retrieved from http//www.indexmundi.com/factbook/ analyze/china.india/economy. China and India have some similar country economic profiles and