Event: U.S. Sovereign Credit and Debt Crisis Report Launch

摘要：The global economic order is undergoing a period of profound transformation. The sovereign credit crisis in the United States is b

The global economic order is undergoing a period of profound transformation. The sovereign credit crisis in the United States is becoming increasingly visible, triggering significant volatility across international financial markets. The Trump administration’s aggressive use of “reciprocal tariffs” and strict fiscal austerity has seriously undermined market confidence. The U.S. Treasury system now exhibits clear characteristics of a Ponzi scheme, with repeated episodes of “triple meltdown” in equities, bonds, and the dollar. As a result, the dominance of the U.S. dollar faces historic challenges. In this context, a wave of global de-dollarization is accelerating. Gold, the renminbi, and emerging market currencies are rapidly gaining ground, and the contours of a multipolar monetary order are beginning to take shape. As the world’s second-largest economy, China must respond to the growing risks posed by the U.S. debt trap, reinforce its financial defenses, and actively contribute to international efforts to reform global financial governance. These issues form the core of this forum’s discussions.

This roundtable, taking the release of the report U.S. Sovereign Credit and Debt Crisis: A Ponzi Scheme on the Brink of Collapse? as its starting point, will focus on the root causes of the U.S. debt crisis, the structural fragility of the dollar system, and China’s strategic response. The event aims to provide both intellectual insight and practical pathways for the reconstruction of the global financial order—contributing to the creation of a fairer and more stable international monetary system.

Agenda：

RDCY Forum for Area Studies

(Summer 2025)

U.S. Sovereign Credit and Debt Crisis:

A Ponzi Scheme on the Brink of Collapse?

Report Launch and Thematic Roundtable

Host:

Chongyang Institute for Financial Studies, Renmin University of China (RDCY)

Date:

Monday, April 28, 2025,14:30–16:30

Venue:

Beijing, China

Agenda

Opening Remarks/ 14:30-14:40

Zheng Xinye,Vice President, Renmin University of China

Report Launch / 14:40-14:50

U.S. Sovereign Credit and Debt Crisis: A Ponzi Scheme on the Brink of Collapse?

Report Issuer

Wang Wen, Dean of RDCY; Dean, School of Global Leadership, Renmin University of China

Expert Panel Discussion/ 14:50-16:30

Speakers

E Zhihuan,Chief Economist, Bank of China (Hong Kong)

Li Lingzhi,Vice President, Zhonghongwang (China Macro Net)

Luo Zhiheng, Chief Economist, Yuekai Securities

John Ross, Former Director of Economic and Business Policy for the Mayor of London; Senior Fellow of RDCY

Wang Jinbin, Professor, School of Economics, Renmin University of China

Liu Ying, Research Fellow of RDCY

Moderator

Cai Tongjuan, Member of the Academic Committee and Director of the Macroeconomic Research Department, RDCY

Please scan the code to register

Registration deadline: 16:00 p.m. on April 27, 2025

▼

// 人大重阳

///

RDCY

中国人民大学重阳金融研究院（人大重阳）成立于2013年1月19日，是重阳投资向中国人民大学捐赠并设立教育基金运营的主要资助项目。

作为中国特色新型智库，人大重阳聘请了全球数十位前政要、银行家、知名学者为高级研究员，旨在关注现实、建言国家、服务人民。目前，人大重阳下设7个部门、运营管理4个中心(生态金融研究中心、全球治理研究中心、中美人文交流研究中心、中俄人文交流研究中心)。近年来，人大重阳在金融发展、全球治理、大国关系、宏观政策等研究领域在国内外均具有较高认可度。