Downgrading the US in China

By Edward Harrison On Nov 13, 2011

This video is about the Chinese view of America’s budget battles (Hat tip Kevin). The US congress has until November 23rd to figure out on how to reduce its public debt. If it doesn’t, eventually mandatory budget cuts will go into place. As a result, Guan Jianzhong, the head of China’s only independent credit rating agency, has warned Dagong Credit might have to downgrade the US again.

Source: Al Jazeera

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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