By Alexa Olesen The Associated Press BEIJING (AP) — China, the largest foreign holder of U.S. debt, demanded last week 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.
Japan confirms China surpassed its economy in 2010
TOKYO (AP) — Japan confirmed that China’s economy surpassed its own as the world’s second largest in 2010 and said a late-year downturn was its first quarterly contraction in more than a year.
Communist Laos opens stock market to boost economy
BANGKOK (AP) — Communist Laos opened a modest stock market on Tuesday, Jan. 10, hoping to attract capital to its largest enterprises