China cautiously welcomes deal
CHINA, THE world's second largest economy, cautiously welcomed the deal to avert a massive debt default by the world's biggest economy, but warned that America's debt remained a threat to the global economy.
The Obama administration, trying to build ties with an economic rival, said Wednesday that China would buy $25 billion in US goods and had given final approval to a long-negotiated $19 billion deal for 200 Boeing planes.