BY AARON BACK
BEIJING—A sharply worded commentary from China's state news agency highlighted rising concerns in America's biggest creditor nation over a possible default or downgrade of U.S. debt, as a deadline for compromise in Washington loomed closer.
With over a trillion dollars of U.S. Treasurys, China is among those that would be most immediately impacted by any U.S. default or downgrade. China's frustrations are compounded by its powerlessness to alter its investment strategy in response to growing risk in the U.S. Analysts say China is trapped because there are few markets in the world that are deep or liquid enough to handle ...
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