Dagong Global Credit Rating Co said Wednesday it has cut the US credit rating from A+ to A after its debt limit was announced to be increased.
US Secretary of State Hillary Clinton (right) swears in Gary Locke as the first Chinese-American to be appointed US Ambassador to China on Monday during a ceremony at the State Department in Washington.
Government data shows that China's forex reserves totaled nearly US$3.2 trillion as of the end of June.
Jiri Stejskal cannot forget a "Please Do Not Disturb" sign that once hung at the door of the hotel room he stayed in Beijing seven years ago.
By the end of June, China's foreign exchange reserves reached $3.2 trillion, almost three times that of Japan, which is the world's second-largest holder of foreign exchange reserves. How to make good use of the large pool of foreign currency has always been the focus of the Chinese government.
Debt-ceiling bill clears first hurdle in House
Gary Locke was sworn in Monday as the first Chinese American to serve as ambassador to China.
United States swimming legend Michael Phelps said he is preparing for a year of hard training, and hopes to end his swimming career on a high note at the London Olympics.
Stocks on the Chinese mainland rose for the first time in three days as US lawmakers reached agreement to raise the debt ceiling and avoid default
The US debt deal won't remove concerns over a weaker dollar, which will push up commodity prices.
Investment bank China International Capital Corp (CICC) on Monday warned in a report that the US economy remains a cause for concern.