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China mocks U.S. as debt default looms
Posted By admin On October 16, 2013 @ 10:55 am In Featured Stories | Comments Disabled
Cheryl K. Chumley
The Washington Times 
October 16, 2013
Chinese state media have been filled this week with cartoon images of America’s leaders, mocking them for stumbling on a debt deal while depicting the nation as a beggar.
CBS  reported that a Commerce Minister adviser to the Chinese government , Mei Xinyu , said the “gentlemen” on Capitol Hill are unconcerned how their “monkey business” is impacting the world and degrading America’s image across the globe. He also said that if America does default on its loan obligations, China  will likely quit buying U.S. Treasury  bonds.
Meanwhile, the media in China  continue to ridicule U.S. leaders, also depicting America as a nation that’s suffering and on life-support. Still, U.S. financial experts are telling China  to back off — that if America caves, so does China .
Full story here. 
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URLs in this post:
 The Washington Times: http://www.washingtontimes.com/news/2013/oct/16/china-mocks-us-debt-default-looms/
 CBS: http://www.washingtontimes.com/topics/cbs/
 Chinese government: http://www.washingtontimes.com/topics/chinese-government/
 Mei Xinyu: http://www.washingtontimes.com/topics/mei-xinyu/
 China: http://www.washingtontimes.com/topics/china/
 U.S. Treasury: http://www.washingtontimes.com/topics/us-treasury/
 US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt: http://www.prisonplanet.com/us-may-face-armageddon-if-china-japan-dont-buy-debt.html
 China holdings of US debt at $1.15 trillion: http://www.prisonplanet.com/china-holdings-of-us-debt-at-1-15-trillion.html
 China’s holdings of US debt larger than reported: http://www.prisonplanet.com/chinas-holdings-of-us-debt-larger-than-reported.html
 U.S. Treasury: China Has Decreased Its Holdings of U.S. Debt: http://www.prisonplanet.com/u-s-treasury-china-has-decreased-its-holdings-of-u-s-debt.html
 Fed Now Largest Owner of U.S. Gov’t Debt—Surpassing China: http://www.prisonplanet.com/fed-now-largest-owner-of-u-s-gov%e2%80%99t-debt%e2%80%94surpassing-china.html
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