misterpee
14.10.13, 21:18
www.telegraph.co.uk/news/worldnews/us-politics/10376017/World-should-de-Americanise-says-China-following-default-fears.html
Xinhua attacked America’s pre-eminent position in the world, adding that “such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated”.
State-run newspapers nonetheless have also noted the inseparable economic ties which bind China and the US together. China is the biggest foreign holder of US Treasury bonds, worth a total of $1.28 trillion according to American government data.
“The cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations’ tremendous dollar assets in jeopardy and the international community highly agonised,” said the commentary.