Harsh editorial from China's official news agency, Xinhua News:
called for the creation of a "de-Americanised world", saying the
destinies of people should not be left in the hands of a hypocritical
nation with a dysfunctional government
asks why the self-declared protector of the world is sowing mayhem in
the financial markets by failing to resolve political differences over
key economic policy
"... the cyclical stagnation in Washington for a viable bipartisan
solution over a federal budget and an approval for raising debt ceiling
has again left many nations' tremendous dollar assets in jeopardy and
the international community highly agonized,"
China is the biggest foreign owner of U.S. Treasuries at $1.28 trillion
as of July
China also holds close to $3.5 trillion of dollar-denominated assets
Says developing and emerging market economies need to have more say in
major international financial institutions; eg. World Bank, IMF
Called for the removal of the US dollar as international reserve
currency
Debt Ceiling: China Calls for World to Be 'De-Americanised'
Not a nice way of wishing anyone a Happy Columbus Day.
an aging actor oh so furious
an aging actor oh so furious
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