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U.S. Debt Concerns On Agenda As Biden Visits China


U.S. Vice President Joe Biden

U.S. Vice President Joe Biden

Concerns about the U.S. government's budget deficit are expected to be at the top of the agenda when U.S. Vice President Joe Biden meets with Chinese leaders during a four-day visit to China that started today.

China, the world's second-largest economy after the U.S., owns $1.2 trillion of U.S. Treasury debt, the largest such holding by any foreign country.

U.S. officials say Biden plans to tell Chinese leaders that the U.S. is committed to overcoming its fiscal troubles and fixing the problems that led to this month's U.S. credit downgrade by the Standard & Poor's agency.

China has scolded American politicians over the debt crisis, urging the United States to be more responsible and to live within its financial means.

Biden is coming to Beijing at the invitation of Chinese Vice President Xi Jinping, who is considered part of the likely next generation of top Chinese leaders.

compiled from agency reports
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