Wednesday, August 3, 2011

China And Russia Condemn US Debt Deal

An investor watches an index screen at a stocks brokerage house in Hefei, China. Photograph: Xinhua

China Joins Russia in Blasting U.S. Borrowing After Debt Ceiling Agreement -- Bloomberg

China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit.

People’s Bank of China Governor Zhou Xiaochuan said China’s central bank will monitor U.S. efforts to tackle its debt, and state-run Xinhua News Agency blasted what it called the “madcap” brinksmanship of American lawmakers. Russian Prime Minister Vladimir Putin said two days ago that the U.S. is in a way “leeching on the world economy.”

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More News On China's/Russia's Views On The U.S. Debt Deal

China Expresses Disgust Over US Debt Deal -- Voice of America
China calls on US to manage its debt 'responsibly' from now on -- The Guardian
Chinese credit rating agency downgrades U.S. debt -- Politico
US credit rating downgraded -- The Economist
At least someone downgraded the US -- Financial Times
China's Dagong Cuts U.S. Credit Rating to Same Level as Russia -- SFGate/Bloomberg

U.S. is a 'parasite' on the world economy and a threat to financial markets, says Putin
-- Daily Mail
Russian Prime Minister Putin calls American economy 'parasites' -- New York Daily News
Putin: U.S. Is a Global 'Parasite'—but He Likes the Debt Deal -- The Atlantic
Putin Calls U.S. a 'Parasite' Over Its Debt -- Wall Street Journal
Putin: U.S. is a 'parasite' -- Politico
Putin says U.S. is "parasite" on global economy -- Reuters

My Comment: Other government/global reactions to the US debt deal can be read here.

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