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China appeals to US to focus on economic recovery
Associated Press
2011-08-17 02:49 PM
Chinese commentators are marking a visit by Vice President Joseph Biden by offering a struggling United States advice: Stop flooding your economy with cheap credit.

The prescriptions awaiting Biden, who arrives in Beijing later Wednesday, range from cutting government budget deficits to fighting poverty.

While similar to the advice of Western analysts, the comments are unusually pointed for China where communist leaders say governments should stay out of each others' affairs, and show the shifting fortunes of the two powers.

"The United States has entered a long period of decline," wrote economist Xia Bin, who advises China's Cabinet and central bank, on his blog.

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