Wednesday, October 16, 2013

L.A. Times - Asia: With money at risk, China is restrained about a possible U.S. default

L.A. Times - Asia
Headlines from latimes.com 
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thumbnail With money at risk, China is restrained about a possible U.S. default
Oct 16th 2013, 16:56, by By Barbara Demick

BEIJING -- As the clock ticked down for the U.S. to go into default, economists in Beijing were paraphrasing the old adage: If you owe the bank a few thousand dollars, you’ve got a problem; if you owe a billion, it’s the bank that's in trouble.

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