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

An adviser to China’s central bank has publicly questioned the stability of the United States’ debt – highlighting growing concerns over Washington’s fiscal trajectory and the risk of a global spillover. “I’ve heard so many people telling me that [debt] as a share of GDP [gross domestic product] has been rising and probably will continue to rise. That’s probably not sustainable,” said Huang Yiping, an adviser to the People’s Bank of China, on Wednesday. The current institutional setting in the...