China's Foreign Ministry said on Tuesday that the United States must take "responsible" measures to protect investors in its debt after Standard & Poor's threatened to lower its credit rating on the United States due to a bulging budget deficit."We hope the U.S. government will take responsible policies and measures to safeguard investors' interests," the ministry said in a statement.
China's foreign exchange reserves, already the world's biggest, rose by nearly $200 billion in the first quarter to $3.05 trillion. About two-thirds are estimated to be invested in dollars. (read more)
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