China Tells U.S. To Put Fiscal House In Order.

[elleng]

Sovereign debt troubles in Europe underscore how important it is for the United States to control its own borrowing as its indebtedness reaches concerning levels, a senior Chinese official said on Thursday.

With China facing criticism for holding its currency in a de facto dollar peg, assistant finance minister Zhu Guangyao shifted attention to Beijing's own worries about U.S. policies, especially its soaring deficit, ahead of high-level bilateral meetings next week.

http://www.nytimes.com/reuters/2010/05/20/news/news-us-china-usa.html?ref=reuters