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China hits back at Romney trade jibes

China slammed US presidential hopeful Mitt Romney Thursday after he said he would end his country’s “trade surrender” to Beijing, accusing him and other would-be candidates of “scapegoating China”. An English-language commentary by the state Xinhua news agency called his remarks “old-fashioned and ill-advised”, warning: “China is no cause of…

Chinese PM states confidence in U.S. economy

China’s prime minister expressed confidence Friday in the US economy as he held talks with visiting Vice President Joe Biden after a historic downgrade of the United States’ top-notch credit rating. China is the largest foreign holder of US debt, and Biden has used his first official visit to China…

Stocks fall as debt-ceiling vote looms

NEW YORK — US stocks fell on Monday as a last-minute deal on raising the government’s debt ceiling and averting a potentially disastrous default headed for a contentious vote in Congress. The Dow Jones Industrial Average shed 10.75 points (0.09 percent) to close at 12,132.49. The broader S&P 500 dropped…

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