reply How does the ballooning U.S. debt affect other countries? Experts Explain

[Globe and Mail Times Composite Report] What impact will the swelling U.S. national debt have on other countries? Ma Wei, an assistant researcher at the Institute of American Studies of the Chinese Academy of Social Sciences, told the Global Times reporter on the 30th that it involves the helplessness of emerging economies forced to pay the bill under the abuse of financial hegemony by the United States, as well as the trend of de-dollarization in the reconstruction of the global monetary system.　　Ma Wei said that in terms of external impact, the potential risk of continued expansion of U.S. debt first affects the major holders of U.S. debt. In recent years, the market's concern about U.S. debt has been increasing day by day, in addition, the United States will weaponize the dollar, after the outbreak of the Russian-Ukrainian conflict on Russia to implement financial sanctions, many countries have realized that U.S. debt as well as the severity of the problem of the security of U.S. dollar assets, which further triggered the trend of diversification of the allocation of foreign exchange reserves in various countries. "This is a slow trend in the medium to long term, but it has been continuing."　　The U.S. economy is caught in a debt spiral, and its financing of the national debt through the printing press will weaken the dollar, strengthening the trend of de-dollarization of the global economy and weakening global confidence in the dollar, RIA Novosti said on 30 November, citing analyst Osadchy.　　Ma Wei said that the U.S. debt on the international community, another impact will be directly transmitted to emerging market economies. Concerns generated by the market will affect the U.S. debt interest rates, because U.S. debt is the pricing basis of the global financial market, if its interest rates are therefore higher, meaning that the cost of foreign debt denominated in U.S. dollars in many countries will be raised, emerging market economies, especially foreign exchange reserves shortage of the country's external debt pressure will rise steeply, their local currencies or therefore depreciation, the capital market will be a serious impact, and may even lead to the serious imbalances in the balance of payments, and thus the overall economic performance is affected.　　"The U.S. debt problem is causing problems for the rest of the world." CNN has published an article that in April this year, the International Monetary Fund (IMF) once again warned the U.S. government that the high and increasing level of U.S. government debt has the potential to push up global borrowing costs and undermine global financial stability.Gaspard, director of the IMF's Department of Fiscal Affairs, said that loose U.S. fiscal policy puts upward pressure on global interest rates, and that "It pushes up the cost of financing in the rest of the world, thereby exacerbating existing vulnerabilities and risks."