Group 1 - The article contrasts the debt management strategies of the United States and China, highlighting that while the US can attract global capital through its bond market, China's debt is primarily directed towards domestic projects like infrastructure and employment stabilization [1][4] - As of August 2025, the US public debt is projected to exceed $37 trillion, with interest payments expected to rise to over $1.4 trillion by 2033, supported by the Federal Reserve's monetary policies [3] - In contrast, China's total debt is approaching 300% of GDP, with government debt at approximately 88%, but the funds are largely invested in tangible projects, allowing for a stable growth rate of around 5% [1][4] Group 2 - The US dollar maintains its dominance in global trade, accounting for 88% of transactions and 58% of foreign reserves, making US Treasury bonds highly sought after [6] - China's bond market is still developing, with a focus on domestic consumption and growth, as evidenced by a 32.36% year-on-year increase in government debt in the first half of 2025 [4][8] - The article notes that while the US faces significant fiscal challenges, including a $2 trillion annual deficit and potential government shutdowns, China is exploring innovative debt instruments like green and digital bonds [10]