Select a category: China mocks U.S. as debt default looms Chinese Premier Li Keqiang, right, attends a wreath laying ceremony at the mausoleum of former Communist leader Ho Chi Minh in Hanoi, Vietnam Monday, Oct. 14, 2013. Li is in the country to tie up the cooperation between the two neighbors. (AP Photo/Na Son Nguyen, Pool) By Cheryl K. Chumley -The Washington Times Wednesday, 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. PHOTOS: See how Assad is cleaning Obamas clock on Syria “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. by Taboola We Recommend The Subway Gangs of Mexico City Vice Magazine Cant Afford to Pay Credit Card Bills? Debt Relief Center Smelly Washers, Sears Taken To Court Reviewed Emergency Funds: Why Traditional Advice is Wrong Betterment 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. “If we were to see uncertainty in the U.S. economy drag through into November and December, and that caused Americans to cut back on the amount of purchases they would have normally done for Christmas, then that would affect the Chinese economy directly,” said Michael Pettis, a finance professor at Peking University, CBS reported. by Taboola We Recommend 15 Cool Fire Pit Ideas HGTVGardens 14 Stars Who Lost It All Investopedia Knee Pain from a Torn ACL? How the Recovery Process Works A Nation in Motion The Three Things, Edition 52 Spin Sucks ABOUT THE AUTHORCheryl K. Chumley Cheryl Chumley is a continuous news writer for The Washington Times. Previously, she was part of the start-up team for The Washington Times’ digital aggregation product, Times247. She’s also a 2008-2009 Robert Novak journalism fellow with The Phillips Foundation. She can be reached at cchumley@washingtontimes. Top Stories House conservatives sabotage Boehner plan to end shutdown CARSON: Did you really hear what I said? Sacrebleu! ATF threatens French-style firing squad for agents who leak secrets Army Strong: Ranger’s unconscious salute inspires, captivates a grateful nation Caution voiced on Iran’s nuclear program proposal; Israel still wary COMMENTS News Opinion Elections Sports Books Life Blogs Radio Special Sections Video Communities All site contents © Copyright 2013 The Washington Times, LLC Jobs | About | Customer Service | Terms | Privacy
Posted on: Wed, 16 Oct 2013 15:18:12 +0000
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