Downgrading the US in China

This video is about the Chinese view of America’s budget battles (Hat tip Kevin). The US congress has until November 23rd to figure out on how to reduce its public debt. If it doesn’t, eventually mandatory budget cuts will go into place. As a result, Guan Jianzhong, the head of China’s only independent credit rating agency, has warned Dagong Credit might have to downgrade the US again.

Source: Al Jazeera

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More