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Sunday, October 13, 2013

China calls for 'de-Americanised' world economy in wake of US shutdown, debt stand-off

Australia News Network - October 13, 2013

China's official news agency says the world should consider 'de-Americanising' in the wake of the US shutdown and looming debt crisis.
A commentary by state news agency Xinhua says "as US politicians of both political parties (fail to find a) viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world."
In a lengthy polemic against American hegemony since World War two, it added: "Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.
"A new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing."
Negotiations over how to end the budgetary impasse have shifted to the US Senate after House Representatives failed to strike a deal with President Obama on extending borrowing authority ahead of a October 17 deadline.
Beijing has in recent days issued warnings as well as appeals for a deal, all the while emphasising the inseparable economic ties that bind the world's two biggest economies.

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