BEIJING — China’s Cabinet on Tuesday issued strong support for the latest global efforts to handle financial uncertainty and urged continued effort to reduce fiscal deficits.

China affirms recent statements from finance ministers and central bank governors of the G-20 countries on stabilizing financial markets, the State Council announced following a meeting presided over by Premier Wen Jiabao.

The statement offered a more positive tone than recent reports in official media that have accused Western governments of ducking their responsibilities and undermining the global economy by failing to live within their means.

China has called the debate over raising the U.S. debt ceiling a sign of political crisis in Washington and said overspending on foreign military adventures was to blame for much of America’s current financial woes.

China, the world’s second-largest economy, owns $1.2 trillion of U.S. Treasury debt, the largest holding by any country.