China central bank adviser flags US debt as ‘probably not sustainable’

South China Morning PostCenter-RightEN 2 min read 100% complete by Mia NurmamatJanuary 22, 2026 at 05:00 AM

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A People's Bank of China advisor, Huang Yiping, publicly questioned the sustainability of US debt at an academic forum in Singapore on Wednesday, citing its rising share of GDP. Huang expressed concern that the current US political climate makes fiscal discipline unlikely in the near term. Harvard professor Jason Furman agreed, stating that the US deficit is "clearly too large" and on an unsustainable path. Furman added that deficit reduction would likely impact the current account, potentially requiring weaker economic activity. US government debt reached $38.4 trillion by the end of 2023, increasing by $2.23 trillion in one year.

Key Entities & Roles

Key Player Opposition Context

United States Congress Joint Economic Committee 35% National University of Singapore 40% National School of Development 45% Peking University 50% Jason Furman ×270% People's Bank of China ×285% Huang Yiping ×390% United States ×495%

Keywords

us debt 100% fiscal sustainability 90% budget deficit 70% economic activity 60% fiscal policy 50% gdp 50% global spillover 40% china central bank 40%

Sentiment Analysis

Negative

Score: -0.30

Source Transparency

Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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us debt fiscal sustainability budget deficit economic activity fiscal policy gdp global spillover china central bank

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