What The Rest Of The World Thinks About The U.S. Shutdown
Agence France Presse | By Posted: 10/03/2013 7:38 am EDT | Updated: 10/03/2013 8:47 am EDT
The effects of the dramatic spending freeze have rippled around the globe, paralysing a leading earthquake alert system, forcing American scientists to pull out of international conferences and leading an embarrassed President Barack Obama to postpone visits to two Asian countries.
In emerging superpower China, a one-party state where legislative deadlock holds little fear for the Communist rulers, the official Xinhua news agency said the situation had once again brought to the fore “the ugly side of partisan politics in Washington”.
“Though its immediate impact looks limited, the damage will multiply if the drama drags on for days or even weeks, arousing concerns over its spillover effect,” it said in a commentary, referring to the US economy.
Chinese social media users took a largely mocking tone in response to the first US government shutdown in 17 years.
“Shutdown! What about the money China put in there?” posted one user on Sina Weibo, a Chinese version of Twitter, a reference to Beijing’s massive purchases of US Treasury debt.
While global markets have so far been relatively resilient, there are growing jitters about the impact on the US economy at a time of heightened uncertainty over a possible winding-down of the Federal Reserve’s massive stimulus measures.