BEIJING –With days to go before the United States debt default deadline, Beijing aired its frustrations with the shutdown Sunday, saying it was time to consider
a “de-Americanized” world order.
With $1.28 trillion in U.S. Treasuries, China is easily the biggest foreign holder of American debt.
China has also funneled billions of dollars into private American investments – to the tune of an estimated $54 billion in 2012 alone.
“As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring
normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world,” according
to a stinging op-ed article by state news agency, Xinhua
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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