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Studio interview: Economic impact of US debt

08-01-2011 14:29 BJT

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For more on the US debt debate, we're joined in the studio by Professor Xiang Songzuo. He's the Deputy Director of the International Monetary Research Center at Renmin University.

Q1: Democrats and Republicans have finally struck a deal on raising the US debt limit. How will this agreement help the US economic recovery? Also, what impact will it have on other economies, particularly the largest stakeholder of US debt, China?

Q2: Despite the agreement, there is still a lack of consensus on many details. This includes the enforcement mechanism, which could greatly impact Obama's social security programs and the possibility of his second term. What other challenges still remain in the debt debate?

Editor:Zou Xian |Source: CNTV.CN

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