US downgrade 'sounds alarm bell': China media - Yahoo! News: "Standard & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspaper said, adding that Asian exporters faced special risks.
Citing economist Sun Lijian, the People's Daily on Sunday said Standard & Poor's Friday cut to the US' credit rating from the top notch triple-A to AA+ had 'sounded the alarm bell for the dollar-denominated global monetary system'."
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