China gains ground on US in global economy

During the International Monetary Fund and World Bank meetings in Bangkok, China gained ground on the United States in the debate over the global economy, according to Bloomberg Línea's report on the meetings held on October 13, 2026.

The focus of the summit shifted to the impact of rising borrowing costs and the high budget deficits of developed economies. The rise in sovereign bond yields in wealthy countries is fueling concern over financial sustainability, the cost of international credit and the resilience of economic growth worldwide.

In regional perception, the Asian giant's economic presence enjoys solid approval: 65% of respondents view its influence as positive in Latin America, according to data released by Bloomberg Línea. At the same time, international financial uncertainty was reflected in market volatility, with the Nasdaq index falling 2.15%.

Higher global interest rates directly affect emerging economies, which must devote a larger share of their resources to servicing external debt. For households and small businesses, this environment makes local financing more expensive and reduces the capacity for consumption and investment.