.
China, America's largest creditor, said it had every right to demand the nation address its structural debt problems and ensure the safety of the $1.2 trillion of US debt that it holds.
It warned that the rating cut would be followed by more "devastating credit rating cuts" and global financial turbulence if the US fails to learn to "live within its means".
"The US government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China said in a commentary carried by the Xinhua News Agency.













































































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