中美日三大经济体负债：美国36万亿，日本9.1万亿，中国令人意外

Group 1 - The United States has a national debt of $36 trillion, with annual interest payments amounting to $1.1 trillion, which significantly strains the country's finances [3][6][25] - The Trump administration's push for the Federal Reserve to lower interest rates is aimed at reducing interest payments, but this poses risks of inflation [5][6] - The U.S. faces a potential fiscal crisis as foreign countries hold a substantial portion of its debt, and any reduction in demand for U.S. debt could exacerbate the situation [6][10][23] Group 2 - Japan's debt stands at $9.1 trillion, which is over twice its economic output, but the country has valuable assets that mitigate the threat posed by this debt [12][14] - The Bank of Japan has invested heavily in domestic stocks, providing some financial relief, but rising domestic prices are causing public discontent [16][28] - Japan's economic stagnation is characterized by low wage growth and consumer reluctance to spend, leading to a cycle of low demand and limited business expansion [29][32] Group 3 - China's debt is approximately $12 trillion, which is higher than Japan's, but the country possesses significant assets that support its ability to manage this debt [19][21] - China's debt is primarily productive, generating cash flow, which contrasts with the debt situations of the U.S. and Japan [21][32] - The economic models of the U.S., Japan, and China differ significantly, with the U.S. relying on debt for consumption, Japan facing stagnation, and China maintaining a manageable debt level with valuable assets [32][33]