How upset will China be,,,,,,

[boarderbloke]

with the downgrading of U.S. debt? Quite, I would image.

[TOM4CWB]

The more the US $ depreciates... the more China gets for its products... and the more it can buy up western interests and assets. As long as the US pays... China wins!

[Hopperbin]

USA just got a scolding from China. LOL guess its not funny. Fear of americans not consuming is screwing our stocks at the moment. Or it is the Chinese exitting stocks and buying Canadian farm land. Like the shock of Maxcorp, do we even have any say anymore?

[jensend]

how upset is china? seems they're not amused. they even want a say in american policy.



In the Xinhua commentary, China scorned the United States for its "debt addiction" and "short sighted" political wrangling.


"China, the largest creditor of the world's sole superpower, has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets," it said.


It urged the United States to cut military and social welfare expenditure. Further credit downgrades would very likely undermine the world economic recovery and trigger new rounds of financial turmoil, it said.


"International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country," Xinhua said.


Read more: http://www.calgaryherald.com/business/China Good days over/5215085/story.html#ixzz1UHP15nap