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China cuts holdings of US debt after ratings downgrade

By: Yossel in CHINA | Recommend this post (0)
Wed, 19 Oct 11 12:18 PM | 80 view(s)
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19 October 2011 Updated at 01:29 ET

China cuts holdings of US debt after ratings downgrade

There have been concerns that increasing debt levels in the US may hurt growth in the long term

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China has reduced its holdings of US debt to their lowest level in a year, after the US's credit rating was downgraded by Standard & Poor's (S&P).

link-
http://www.bbc.co.uk/news/business-15362618




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