China's central bank governor 'welcomes' US debt deal

[alp227]

Source: BBC News

China's central bank governor has welcomed measures taken by the US to avoid a default on government debt obligations.

The comments come after the US took measures to raise the debt ceiling.

Zhou Xiaochuan said the People's Bank of China (PBC) would "closely observe its implementation", in a statement on the PBC website.

Separately, Chinese rating agency Dagong downgraded the US credit rating, according to Xinhua news agency.

Read more: http://www.bbc.co.uk/news/business-14383570

[Ruby the Liberal]

1. Dodged a bullet right there, we did.

Can't have out Chinese Overlords questioning the credit of the United States of Austerity.

Whatever.

:rofl:

[leveymg]

2. HSBC is also selling off half its retail banks in the US and closing most of what's left of its

mortgage unit here.

The Chinese/Euro financiers are cutting their losses here while the cutting is still good. No bullet dodged - they're voting with their feet and taking their hard currency with them before it starts to melt.

[AndyTiedye]

3. Like the Euro is So Healthy These Days

[leveymg]

4. A global pandemic waiting to happen. Excuse me, I feel a sneeze coming on . . .