8/6/11

China warns of US debt 'addiction'

 China's Xinhua news agency  says:" Many outside the United States believe the credit rating cut is an overdue bill that America has to pay for its own debt addi(c)tion and the short-sighted political wrangling in Washington...." The official news agency  said China  had "every right" to demand Washington address its structural debt problems and safeguard Chinese dollar assets.