China's Wen urges global action to calm markets
United States loses prized AAA credit rating from S&P
China's Premier Wen Jiabao gestures as he addresses a news conference with German Chancellor Angela Merkel at the Chancellery in Berlin, June 28, 2011.
Credit: Reuters/Fabrizio Bensch
(Reuters) - China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks stumbled on fears that the world economy is headed for a downturn.
Aileen Wang and Koh Gui Qing
BEIJING
Tue Aug 9, 2011 10:17am EDT BEIJING
link-
http://www.reuters.com/article/2011/08/09/us-china-debt-idUSTRE7781EE20110809