The list is endless…
There’s no shame in being embarrassed of what else is around. Everyone who’s out here has a guitar, guitarists for example. So, if you don’t know the standard song list (or are new to this), here are some suggestions from a few other guitarists to get you started:
MADRID/HONG KONG/SHANGHAI/HAITI (Reuters) – China’s government, while facing pressure to cut its debt to make the economy more conducive to investment, has so far balked at reducing the debt-to-GDP ratio, and a recent report by UBS said an upcoming fiscal expansion will likely require a debt cut.
Government of China’s President Xi Jinping gestures next to other officials as he attends the annual meeting of the All China Federation of Trade Unions (ACFTU) in Beijing, China, May 12, 2016. REUTERS/Jason Lee
“The debt-to-GDP ratio is already relatively low … even when adjusting for the country’s large current-account surplus,” UBS analyst Peter Hotez said in the report, which comes at a time when China’s credit growth has slowed.
“To make the economy more conducive to investment, it’s necessary to ease this ratio further,” he said, adding that a debt cut may be necessary in the next few years.
UBS said the current account deficit, a measure of how much Chinese exports and imports of its own currency offset economic growth, is expected to fall 5 pct to 4.7 percent this year, while the real exchange rate is expected to fall by around 2 percent.
China aims to cut the current-account deficit to 9.3 percent this year, its lowest since 2008, a government statement said last week.
China’s public sector debt increased by 6.1 percentage points during the first six months of 2016 in the first half, to 159 percent of GDP — the world’s second largest burden behind Japan, UBS said.
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At the other end of the scale, China’s private-sector debt rose 1.3 percentage points during the first half compared with the same period last year, to 66.2 percent GDP.
Still, UBS said its data did not provide strong evidence for a debt-to-GDP ratio cut, given the amount that would cut growth in the next few years. And it also pointed out that
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