People's Daily condemns handling of crisis
Source: Agencies |
August 1, 2011, Monday
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Print Edition
Print Edition
China is the biggest foreign holder of US Treasury debt with well over US$1 trillion invested. About two-thirds of its US$3.2 trillion of foreign exchange reserves are estimated to be held in dollar assets.
The People's Daily newspaper said the handling of the crisis was "irresponsible" and "immoral." It blamed the US democratic system for the "farce," saying "not a single representative has considered the world, and even US national interests are being banished from the mind."
The People's Daily newspaper said the handling of the crisis was "irresponsible" and "immoral." It blamed the US democratic system for the "farce," saying "not a single representative has considered the world, and even US national interests are being banished from the mind."
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