China slams US over ‘catastrophic’ debt ...News

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China slams US over ‘catastrophic’ debt
Beijing has urged Washington to conduct responsible monetary policy to avoid a default on payments China has rebuked the US for its brinkmanship over the nation's “catastrophic debt problem” as Washington approaches a statutory debt ceiling this week that could see the country defaulting on its obligations. The criticism came from the Chinese embassy in Zambia’s capital Lusaka, following a reproach from US Treasury Secretary Janet Yellen over alleged mishandling by Beijing of a debt problem in the southern African country. On Monday, during a visit to Zambia, Yellen said that it was critically important to restruc

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