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China Welcomes Last-Minute US Debt Limit Deal

China is welcoming a last-minute deal by Washington lawmakers to raise the debt limit and avoid a potentially catastrophic default. Beijing's foreign ministry said on Thursday that the deal served U.S. interests and would also aid world economic stability and development. Beijing's state media gave a more blunt assessment of the weeks-long fiscal standoff; an editorial in the Xinhua news agency accused U.S. lawmakers of "holding the whole world hostage" and warned that the ...

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