/ world today news/ The global debt monitoring report published by the International Finance Association shows that the volume of the American public debt is the largest in the world, reaching 31.4 trillion dollars.
In this regard, Chinese Foreign Ministry Spokesman Wang Wenbin said that the US, as the world’s largest economy and the issuer of the major international currency, exerts tremendous influence on the world economy and should take responsibility with its fiscal and monetary policies. However, the country has over the past years abused the dominance of the dollar, accumulated debt to delay solutions to deal with the crisis in its economy, also through unlimited quantitative easing, exported inflation to the rest of the world, which seriously hampered the recovery of the global economy.
Wang Wenbin urged Washington to coordinate its macroeconomic policies with other countries and work together with them to maintain international economic and financial stability.
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