SocialResearch: May 2011: "American debts has just begun.
The stakes are high that, if no agreement comes out, the US would be sent to another financial crisis and the global economy would face the dim prospect of another great recession.
China, now holding more than 8 percent, or nearly $1.2 trillion US Treasury bonds, is certainly concerned about the quagmire, as the security of the debts repayment is on the line.
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