August 8, 2011

China gets all judgmental

China issued a stinging rebuke of the US over its debt crisis, calling for independent supervision of its currency and demanding the country ''learn to live within its means''.

China holds $US1.15 trillion ($A1.09 trillion) in US government bonds and said the US risked further credit rating cuts if it did not pare its ''gigantic military expenditure and bloated social welfare costs''.
IMF says Australia in good shape and can bleed more money on another stimulus package

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