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US debt deal a temporary fix

By Wei Tian in Shanghai, Pu Zhendong and Chen Jia in Beijing | China Daily | Updated: 2013-10-18 08:10

Another fiscal crisis looming 'within months'; the yuan under pressure to rise

The US government is back in business after a last-minute deal late Wednesday night in Washington prevented the government from defaulting on its loans.

However, experts said that the debt-ceiling crisis will raise its head again and China must refrain from holding massive US dollar assets.

US debt deal a temporary fix

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