Washington’s debt brinkmanship has provoked deep anger in Beijing and bolstered its resolve to lessen the world’s reliance on the dollar, according to current and former Chinese government advisers.
Political leaders in the US have intensified talks about their fiscal stand-off, fuelling hopes that Washington will raise its debt ceiling before next week’s deadline.
But the prospect of last-minute negotiations will test frayed nerves in China, the biggest foreign holder of US government debt.
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