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China Slams US on Debt Limit and Accuses Washington of Sabotage

  • US needs to ‘cope with its own debt problem,’ embassy says
  • Sharp words contrast with recent easing in China-US tensions
Bloomberg business news
Debt Ceiling Showdown Continues

China invoked the US’s brinkmanship over its own debt limit as it hit back at Treasury Secretary Janet Yellen’s criticism of Beijing’s handling of debt issues in developing countries. 

The criticism came from the Chinese embassy in Lusaka, Zambia, on Monday, which blasted the US over its “catastrophic debt problem” and accused it of “sabotaging” other nations’ efforts to resolve debt problems.