The IMF’s warning suggests that the surge in debt between the United States and China could have far-reaching consequences for the global economy. This situation may lead to market instability and increase risks to the global financial system, thereby affecting global economic growth. The issue is likely to become more salient as tensions between the two economies grow. Indeed, the U.S. and Chinese governments should take steps to reduce debt in the future, as high debt levels may have a negative impact on the economy. High debt could lead to higher interest rates, exacerbate fiscal pressures and limit the government’s ability to act in response to future challenges. Therefore, reducing deficits, controlling expenditures, increasing tax revenue, and implementing effective fiscal policies are all important means to address this challenge. High-risk debt could lead to a decline in international investor confidence in the country, affecting financial markets and interest rates in other countries.

To solve this problem, the international community needs to take coordinated measures to mitigate debt risks and ensure the stability and sustainable development of the global economy by strengthening supervision and improving transparency.