China Monday called on the United States to take responsible policy measures to maintain the stability of the international financial and economic system and safeguard the interests of investors.
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A Chinese foreign ministry spokesperson made the comments at a daily press briefing when asked about Moody's downgrade of the U.S. sovereign credit rating due to concerns about the nation's growing debt pile.
Credit ratings agency Moody's downgraded the United States rating to “Aa1” from “Aaa” Friday, due to the nation’s $36.2 trillion debt.
The United States’ rising debt and interest “are significantly higher than similarly rated sovereigns,” Moody’s said.
White House Director of Communications Steven Cheung challenged Moody’s credit rating downgrade of the U.S. He called out Moody’s Analytics Chief Economist Mark Zandi in a post on X. "Nobody takes his "analysis" seriously. He has been proven wrong time and time again."