China loses patience with US leaders who 'kidnapped' world finance

Independant

Saturday, 30 July 2011

China, the world's biggest owner of US Treasuries, turned up the pressure on the US to sort out its sovereign debt woes yesterday as its official news agency labelled American politicians "dangerously irresponsible" for failing to resolve the crisis.

As nervous investors dumped short-term Treasury bills, China's state-controlled Xinhua news agency said US politicians had "kidnapped" the rest of the world in a "game of chicken" by wrangling over a deal to raise America's $14.3 trillion (£8.7trn) debt ceiling.

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