China Calls for 'De-Americanized' World, Frustrated by Shutdown in Washington and Potential Threat to International Market

Irked by the United States government shutdown and worried of a threat to the international market, China called for a "de-Americanized world," stating that the U.S. dollar should be replaced by another country's currency as the international reserve.

China also insisted that the "pernicious impasse" in the United States over raising the debt ceiling must end. According to Mother Jones, officials in Beijing also said that the nations of the world needed an additional reserve currency in case America's financial standings were further affected by the shutdown. China maintained that other countries had to steel themselves from the possible "spillover of the intensifying domestic political turmoil in the United States."

This isn't the first time in recent past that China has warned the United States to keep the international community in mind in the wake of its fiscal stalemate.

Last week, two officials from the White House's economic branch reported to the Financial Times that President Barack Obama would stand firm against Republicans in Congress, ramping up international worries that the global market would suffer at the hands of the shutdown. Since the beginning of the stalemate, the FTSE All-World Equity Index dropped about .5 percent, while the Dow fell an overall .6 percent.

Beijing officials reminded the United States "the clock is ticking," pushing politicians on Capitol Hill to breach the impasse before the debt ceiling deadline arrives, in hopes that the "safety of the Chinese investments" remain intact.

Vice-Finance Minister Zhu Guangyao told the press at a news conference that China hasn't hidden its dissatisfaction with the political blockage in Washington.

"We hope that the US can draw lessons from history," Zhu told reporters. "As the world's largest economy and an issuer of the world's major reserve currency, it is important that the U.S. take credible steps to address its dispute over the debt ceiling in a timely fashion and avoid a default."