January 31, 2023

China invoked the US’ brinkmanship over its personal debt restrict because it hit again at Treasury Secretary Janet Yellen’s criticism of Beijing’s dealing with of debt points in creating international locations.

The criticism got here from the Chinese language Embassy in Lusaka, Zambia, on Monday, which blasted the U.S. over its “catastrophic debt downside” and accused it of “sabotaging” different nations’ efforts to resolve debt issues.

Noting that the Treasury has begun taking extraordinary measures to satisfy its obligations after the U.S. authorities reached its borrowing restrict, the embassy stated “the most important contribution that the U.S. could make to the debt points outdoors the nation is to behave on accountable financial insurance policies, deal with its personal debt downside, and cease sabotaging different sovereign international locations’ energetic efforts to unravel their debt points.”

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