China Blames US’s ‘Radical Fiscal Policy’ for EM Debt Troubles
- Statement adds to war of words over developing country debt
- US-China tensions seen as slowing debt-restructuring talks
President Joe Biden, right, and Xi Jinping meet in Bali in 2022.
Photographer: Saul Loeb/AFP/Getty Images
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China implied that the US is to blame for economic turmoil across developing countries, deepening a war of words over responsibility for debt pressures afflicting some of the world’s poorest nations.
The “radical fiscal policy of a certain developed country is the main reason behind the financial difficulties of a large number of developing countries, including Pakistan,” foreign ministry spokeswoman Mao Ning said at a regular press briefing in Beijing, without naming the US directly.