The Chinese embassy in Zambia condemned the exceeding of the United States' debt border and the "extraordinary measures" that finance minister Janet Yellen took to ward off a US debt failure. Yellen said on Monday that it was very important that Sambia restructured its debts, but Sambia sees it differently. The message then scourged Yellen's statements and emphasized that the United States had a "catastrophic debt problem". The Chinese Embassy in Sambia denounces the US debt border and the latest comments from Yellen last week, US Finance Minister Janet Yellen is pushed to increase the government's expenditure limit, or the country could be in arrears with its debts. She …
The Chinese embassy in Zambia condemned the exceeding of the United States' debt border and the "extraordinary measures" that finance minister Janet Yellen took to ward off a US debt failure. Yellen said on Monday that it was very important that Sambia restructured its debts, but Sambia sees it differently. The message then scourged Yellen's statements and emphasized that the United States had a "catastrophic debt problem".
Last week, US Finance Minister Janet Yellen pushed Congress to raise the government's spending limit or the country could default on its debt. She also noted that the Treasury would need to have leverage “ Exceptional measures ”To keep the debt in chess by early June 2023. Financial data of the federal government show that the country's debt was exceeded $ 31.4 trillion earlier this week. Yellen also commented on Zambia on Monday after met Chinese officials in Zurich the week before.
"I addressed the problem especially with Zambia (in Chinese officials) and asked for their cooperation to achieve a quick solution. And our conversations were constructive," Yellen is cited in A Test report Published by Reuters. On the other hand, the sambian finance minister Situmbeko Musokotwane said that the meeting with Yellen and Chinese officials had not come to a result with regard to a rescheduling process. The Chinese message in Zambia back then accused the topic in direct response to Yellen's comments, saying the U.S. needs to solve its own debt problems.
"The biggest contribution that the United States can make to the debt problems outside the country is to conduct a responsible monetary policy, to cope with and stop your own debt problem, to sabotage the active efforts of other sovereign countries to solve its debt problems," said the sambian -based official in Lusaka. The Chinese embassy in Lusaka continues added:
Assuming that Foreign Minister Yellen's statements about the debt, the best view of the debt problems outside the United States would be that the US Ministry of Finance solves the problem of US industrial debt when you consider how well she knows the facts, her professional skills and the ability to implement her team.
The criticism of the Chinese message underlines the underlying communication problems between China and the USA Handling with for years. In May 2022, Report found that Chinese experts had asked the leaders BRICS countries (Brazil, Russia, India, China and South Africa) to end their dependence on the US dollar. China was not satisfied with the spokeswoman for the House of Representatives, Nancy Pelosis Visit to Taiwan In August 2022. The next month, Global Times, supported by the China Communist Party, published one opinion editorial team which insisted that the rising dollar could be "the beginning of another nightmare" for other countries.
How do you assess this diplomatic exchange and the underlying problems between China and the USA? Share your thoughts in the comment area below.
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