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China mocks U.S. as debt default looms

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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 governmentMei 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.

“Average Chinese believe [their] government is able to handle this situation and won’t let it shipwreck China’s economy,” he said in the CBS report.

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.

This article was posted: Wednesday, October 16, 2013 at 10:55 am

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