VP calls on China to rein in North Korea, Iran, and allow more freedom
(NEWSER) - Vice President Joe Biden wrapped up his five-day visit to China with a strong message of China-US interdependence and firm promises that the United States would never default on its debt, reports Reuters . Speaking in the southwest city of Chengdu earlier today, Biden emphasized the continued strength of the US economy, noting that America 's economy is two-and-a-half times larger than China's. He also pointed out that, as the United States owns 87% of its financial assets and 69% its treasury bonds, compared to the 1% of financial assets and 8% of treasury bills owned by China, it was in the US interest to pay its bills, adding "the United States has never defaulted and never will default." More»
