China Blasts U.S. Over Credit Rating Downgrade
China, the largest foreign holder of U.S. debt, demanded Saturday that America tighten its belt and confront its "addiction to debts" in the wake of Standard & Poor's decision to downgrade the U.S. credit rating.
Source: http://www.npr.org/2011/08/06/139047006/china-blasts-u-s-over-credit-rating-downgrade?ft=1&f=1014