07 Aug '11, 10am

US downgrade 'sounds alarm bell': China state media

BEIJING - STANDARD & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspaper said on Sunday, adding that Asian exporters faced special risks. Citing economist Sun Lijian, the People's Daily said Standard & Poor's on Friday cut to the US' credit rating from the top notch triple-A to AA+ had 'sounded the alarm bell for the dollar-denominated global monetary system'. The comments carried in the Communist Party mouthpiece follow a stinging attack launched by the official Xinhua news agency on Saturday, which said Beijing had 'every right' to demand Washington safeguard Chinese dollar assets. China - which sat on the world's biggest foreign exchange reserves of around US$3.20 trillion (S$3.9 trillion) as of the end of June - is the largest foreign holder of US Treasuries. Mr Sun, vice head of the School of Economics at Shanghai's...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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World digests US rating downgrade

World digests US rating downgrade

channelnewsasia.com 06 Aug '11, 4pm

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straitstimes.com 06 Aug '11, 9am

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asiaone.com 08 Aug '11, 1am

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channelnewsasia.com 06 Aug '11, 6pm

WASHINGTON: Given the size of the US economy and the pre-eminent role of the dollar worldwide, the cut to Washington's cre...

Taiwan sees 'no impact' from US debt downgrade: TAIPEI - The deputy governor of Taiwan's central bank sought to

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asiaone.com 07 Aug '11, 1am

TAIPEI - The deputy governor of Taiwan's central bank sought to play down worries over the US debt downgrade on Saturday, ...

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todayonline.com 07 Aug '11, 2am

China roundly condemned the United States for its "debt addiction" and "short-sighted" political wrangling and said the wo...

India calls US downgrade 'grave': NEW DELHI - THE loss by the United States of its top-rank AAA credit rating f...

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straitstimes.com 06 Aug '11, 11am

The loss by the United States of its top-rank AAA credit rating from Standard & Poor's has created a 'grave' situation, In...

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channelnewsasia.com 07 Aug '11, 2am

WASHINGTON: Standard & Poor's stuck to its guns Saturday after a withering attack on its math skills and historical accura...

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straitstimes.com 06 Aug '11, 11pm

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China has right to demand US address debt problem: Xinhua

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channelnewsasia.com 06 Aug '11, 6am

BEIJING: China "has every right" to demand the United States address its debt problem following its downgrade by Standard ...

India says US downgrade situation \\"grave\\"

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channelnewsasia.com 06 Aug '11, 11am

NEW DELHI: The loss by the United States of its top-rank AAA credit rating from Standard & Poor's has created a "grave" si...

China Tells US to "Cure Its Addiction To Debts" | @Care2 @Care2Causes

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care2.com 06 Aug '11, 4pm

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justmeans.com 07 Aug '11, 4am

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