Tag: Fiscal cliff

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China on Fiscal Cliff: U.S. “Kicked the Can”

Hong Kong’s benchmark stock index soared in the exchange’s first session of the new year on Wednesday, hitting a 19-month high as investors welcomed news that U.S. lawmakers had passed a deal to avert the so-called “fiscal cliff.” But after demanding on Tuesday that the U.S. “live up to its global economic responsibilities,” and claiming that the deadlocked talks