Saturday, August 6, 2011

China tells US to live within its means

"SHANGHAI - China, the largest foreign holder of United States debt, said Saturday that Washington needed to "cure its addiction to debts" and "live within its means," just hours after the rating agency Standard & Poor's downgraded America's long-term debt.
The harshly worded commentary, which was released by China's official Xinhua news agency, was Beijing's latest attempt to express its displeasure with Washington."

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