merica’s largest overseas creditor wasn’t exactly blown away by the deal Congress struck to avoid a potential default.
“[P]oliticians in Washington have done nothing substantial but postponing once again the final bankruptcy of global confidence in the U.S. financial system,” government-run Chinese news agency Xinhau Thursday.
Wednesday’s vote, the commentary said, “was no more than prolonging the fuse of the U.S. debt bomb one inch longer.”
And a Chinese credit rating agency Dagong downgraded the United States, saying the deal did little to change the outlook for the country’s financial condition.
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