The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← China

Capital · deployed

gross govt debt 99.2% of GDP (2025) ≈ ~$18-20T nominal (derived from GDP × ratio) — includes large local-govt/LGFV exposure; committed to chip/AI self-sufficiency programs

low confidence · as of 2026-07-26 · about China

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the working

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to China.