China calls U.S. debt a “ticking time bomb” while the Congress keeps raising the debt ceiling

US Vice President Joe Biden (L) and his granddaughter Ashley arrive in Beijing

US Vice President Joe Biden (L) and his granddaughter Ashley arrive in Beijing for his visit to China and Mongolia. China is the biggest foreign holder of US debt and the country’s state run media have delivered a barrage of criticism of Washington’s handling of its near-default crisis, which it has described as a “ticking time bomb”

More stories like this one from AFP will be coming in the future:

US Vice President Joe Biden will meet the man widely expected to become China’s next leader as he begins his first official visit on Thursday under a cloud of criticism over America’s debt crisis.

Biden is under pressure to revive the image of the United States after the world’s largest economy came close to a disastrous default on its debts earlier this month and suffered a historic credit rating downgrade.

China is the biggest foreign holder of US debt and the country’s state run media have delivered a barrage of criticism of Washington’s handling of the crisis, which it has described as a “ticking time bomb”.

On Thursday Biden, 68, will attend a welcoming ceremony at the Great Hall of the People in Beijing before meeting Xi Jinping, who is expected to be named as successor to President Hu Jintao next year.

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