Chinese state media lambasted US politicians for failing to reach an agreement just days before a deadline that could engender a technical US debt default, Dow Jones reported. One article, published in Xinhua, claimed that “[t]he ugliest part of the saga is that the wellbeing of many other countries is also in the impact zone” if the US were to default on its debt obligations. The commentary urged US leaders to demonstrate “some sense of global responsibility.” However, a separate article acknowledged that “US Treasury bonds are still the safest, most stable, least risky bonds, and the US debt market is the only market that can absorb China’s rapidly-growing foreign-exchange reserves.” China holds more than US$1 trillion in US debt, but few analysts believe it can or will rapidly restructure its portfolio to reduce exposure to US Treasury securities.