Chinese media express concern that the partial shutdown of the US government will have a serious impact on the global economy.
"The world is not unfamiliar with America's arrogance. It is this arrogance that led to the US decision to bypass the United Nations and launch a war in Iraq. It is the same arrogance that often lets America use its domestic policy to kidnap the global economy,"The Peoples Daily says.
The paper adds that the shutdown is only adding more uncertainties to a volatile global market.
"After all, the volume and influence of the US economy are unusual. If a gigantic economic entity chooses to look for trouble, it will only add new elements of uncertainty and instability to the world economy, and erect more severe challenges for its full recovery and healthy growth," it says.
State-run Xinhua news Agency also feels the US shutdown has the potential to make global financial markets more volatile this week.
Shen Dingli, a professor at China's Fudan University, feels "the US partial shutdown could become a recurrent theme".
"It can be predicted that this time the US government shutdown will not last for too long, but bipartisan political struggles on Obama's healthcare reform will continue in the long-term, signifying that the next shutdown is not too far," it says.
Meanwhile, papers and experts support President Xi Jinping's call to bolster China's co-operation with other Asia-Pacific Economic Co-operation (Apec) member nations.
"To build the Asia infrastructure investment bank or a relevant specific fund, funding can be provided by governments, entrepreneurs and financial institutions from Apec members, and China could contribute a relatively large part to the fund," the China Daily quotes Fan Bi, a senior researcher at the China Centre for International Economic Exchanges, as saying.
The People's daily says "China and the Asean have the responsibility to work together to expand co-operation and eliminate interference and properly handle differences".
Source: BBC
