Latest News:  
Beijing   Cloudy    11 / 2 ℃  City Forecast


US has no right to frequently disturb the world

(People's Daily Online)

16:46, December 06, 2012

The U.S. Republican and Democratic parties have not made any substantive progress in the first round of fiscal cliff talks, arousing worries that the country may fall off the fiscal cliff.

The stalled budget talks reflect significant differences between the two parties’ governance styles.

Objectively speaking, U.S. politicians should know clearly that a “self-inflicted” recession will greatly weaken the country’s hard and soft power when its economic recovery remains sluggish; the European debt crisis is unresolved; and the world economy is still plagued by uncertainty.

Although the United States is unlikely to really fall off the fiscal cliff, it has frequently disturbed the globalized world due to domestic political infighting, which reflects the problems concerning the U.S. political system and its lack of responsibility as a major power.

Due to the conflict of realistic interests and ideological polarization, both parties will not make concessions to each other until the last minute. This political game that U.S. Congress members are good at playing has brought great uncertainty to global markets and U.S. companies.

“The economic confidence of both market participants and the general public will also be influenced by the extent to which our political system proves able to deliver a reasonable solution with a minimum of uncertainty and delay,” U.S. Federal Reserve Chairman Ben Bernanke warned.

【1】 【2】

We recommend:

The popular dances that drive people 'crazy'

Kim Jong Un inspects horse riding training ground

Heartbreaking children under war threat

N. Korea’s Kim visits Ministry of State Security

World's weirdest baths you cannot imagine

N. Korean’s real life through the lens


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. PLA Air Force in air combat training

  2. Destroyer flotilla in confrontation assessment

  3. Selected Reuters pictures of the year 2012 (II)

  4. Beauty of nature in 2012

  5. Luxurious Bentley Mulsanne Mulliner

  6. E-commerce, a bright spot in China

  7. New Chinatown in Costa Rica opens

  8. Types of Role in Chinese Operas

Most Popular


  1. School needs be responsible for teachers' behaviors
  2. Big burden seen in 'irrational' property tax
  3. Confidence rises for China-Africa co-operation
  4. What has 'Taobao Culture' brought us?
  5. Telecommuters challenge workplace norms
  6. Old school ties, business opportunities?
  7. Museums should not end up as 'vanity projects'
  8. Miss World: charity is more of care and love
  9. Economy stabilizing, but facing severe challenges
  10. Aircraft Carrier Style mirrors a great power

What’s happening in China

Solar yacht put into use in SE China

  1. Wuhan launches probe into taxis
  2. Beijing set to welcome visa-free visitors
  3. Int'l Volunteer Day marked in China
  4. Good luck getting married on propitious day
  5. China slips down on corruption perception ranking