Indicates the type of a location. Location Type Defined by CCTVPLUS Indicates the role that a specific instance of a description takes among all descriptions. Description Role Defined by CCTVPLUS The role in the overall content stream. Part Role Indicates a kind of content rendition. Content Rendition Defined by CCTVPLUS CCTV Newscontent Co.,Ltd. CCTV Newscontent Co.,Ltd. All Rights Reserved. No access Chinese mainland CCTV Newscontent www.cctvplus.com +86-10-83949886 +86-10-63978447 contact@cctvplus.com 2026-08-22T22:03:32Z 2026-08-22T22:03:32Z 2026-08-22 2014-11-06T09:22:45Z China Central Television China United States Interview Aug 21, 2026/Recent/File China-US Debt/Purchasing Power Record US debt pressures global investors, erodes consumer purchasing power: expert Record high U.S. national debt is driving up borrowing costs, eroding consumer purchasing power and hurting global bondholders, economist Liu Baocheng said. The U.S. federal government on Tuesday saw its total public debt topping 40 trillion U.S. dollars, according to a Treasury Department report issued on Wednesday. In an interview with CGTN, Liu, dean of the Center for International Business Ethics at the University of International Business and Economics, said rising debt will push up interest rates, triggering a debt interest feedback loop. "This is really a warning sign, because it really creates a sort of a spiral effect. It's like a household managing their finance. When they have a larger deficit, they have to buy more. So this is a signal that can really alert more of the global investors, because now when the long term yields are really on the rise and those existing holders of those bonds may feel quite a loss in the real market value. And domestically, the real value of the U.S. dollar may also eat in some of the real purchase power of those domestic consumers," Liu said. In the long run, Liu believes the investors are likely to rearrange their bonds portfolio to replace the lazy bonds or off-the-run bonds with more accurate ones. "The issue is that when they really manage all of this, things could really run off the limit, and that's also creates more pressure on the value of the U.S. dollar. And also, it gives more of the stress to existing holders of those bonds for fear of losing their values," he said. English/Nats/Part Mute FILE: Washington D.C., USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland) 1. Various of U.S. Department of Treasury Beijing, China - Aug 21, 2026 (CGTN - No access Chinese mainland) 2. SOUNDBITE (English) Liu Baocheng, dean, Center for International Business Ethics, University of International Business and Economics (starting with shot 1/partially overlaid with shots 3-4): "This is really a warning sign, because it really creates a sort of a spiral effect. It's like a household managing their finance. When they have a larger deficit, they have to buy more. So this is a signal that can really alert more of the global investors, because now when the long term yields are really on the rise and those existing holders of those bonds may feel quite a loss in the real market value. And domestically, the real value of the U.S. dollar may also eat in some of the real purchase power of those domestic consumers." ++SHOTS OVERLAYING SOUNDBITE++ FILE: USA - Exact Location and Date Unknown (CCTV - No access Chinese mainland) 3. Various of U.S. dollar banknotes being printed FILE: China - Date Unknown (CCTV - No access Chinese mainland) 4. Various of U.S. dollar banknotes going through cash counting machine ++SHOTS OVERLAYING SOUNDBITE++ FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland) 5. Traffic, buildings FILE: Miami, Florida, USA - 2025 (CGTN - No access Chinese mainland) 6. Various of consumers in supermarket FILE: Boston, USA - April 7, 2025 (CCTV - No access Chinese mainland) 7. Supermarket goods at cashier FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland) 8. Various of consumers at cashier desk in store 9. Various of staff member using POS terminal in bar Beijing, China - Aug 21, 2026 (CGTN - No access Chinese mainland) 10. SOUNDBITE (English) Liu Baocheng, dean, Center for International Business Ethics, University of International Business and Economics (starting with shots 6-9): "The issue is that when they really manage all of this, things could really run off the limit, and that's also creates more pressure on the value of the U.S. dollar. And also, it gives more of the stress to existing holders of those bonds for fear of losing their values." FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland) 11. Various of traffic, buildings