{"id":330741,"date":"2026-03-05T19:27:09","date_gmt":"2026-03-05T19:27:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/330741\/"},"modified":"2026-03-05T19:27:09","modified_gmt":"2026-03-05T19:27:09","slug":"china-pledges-iron-discipline-to-tackle-debt-risks-as-us-borrowing-under-trump-surges","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/330741\/","title":{"rendered":"China pledges \u2018iron discipline\u2019 to tackle debt risks as US borrowing under Trump surges"},"content":{"rendered":"

As the United States grapples with mounting debt<\/a>, China is doubling down on efforts to clean up its own balance sheet, vowing to tackle risks with \u201ciron discipline\u201d.<\/p>\n

The pledge came as the world\u2019s second-largest economy weathers a years-long real estate slump and cooling domestic demand. Beijing faces growing pressure to balance short-term growth targets with longer-term deleveraging, as it seeks to transition to a more sustainable economy.<\/p>\n

In the government work report<\/a> delivered on Thursday to Beijing\u2019s annual parliamentary session, Premier Li Qiang said \u201ccurbing the growth of non-compliant hidden debt must be enforced with \u2018iron discipline\u2019.\u201d<\/p>\n

Li urged local authorities to proactively defuse debt risks and strictly guard against \u201cfake debt reduction\u201d.<\/p>\n

China and the US accounted for a large share of the global increase in debt<\/a> last year, the Institute of International Finance (IIF) reported last week. Global debt climbed to a record high, rising at its fastest annual pace since the pandemic.<\/p>\n

Data from the Washington-based institution showed that China\u2019s government debt rose to 96.8 per cent of gross domestic product by the end of 2025, up from 88.4 per cent a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"As the United States grapples with mounting debt, China is doubling down on efforts to clean up its…\n","protected":false},"author":2,"featured_media":330742,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2102,72,114,969,113,61,149409,21326,60,5773,41404,115,1519],"class_list":{"0":"post-330741","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-donald-trump","12":"tag-economy","13":"tag-ie","14":"tag-institute-of-international-finance","15":"tag-international-monetary-fund","16":"tag-ireland","17":"tag-li-qiang","18":"tag-ministry-of-finance","19":"tag-united-states","20":"tag-washington"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/330741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=330741"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/330741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/330742"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=330741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=330741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=330741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}