xinhua said the u.s. should not forget its responsibility as an issuer of reserve currency to keep the value of the dollar stable. >>> china's government run "people's daily" in its monday edition called on the u.s. and other western nations to lead the global economic recovery. the paper stressed that china's bold economic measures played an important role in the recovery of the global economy after the 2008 financial crisis. >>> u.n. secretary-general ban ki-moon has met survivors of the japanese earthquake and tsunami and people who had to evacuate homes near the fukushima daiichi nuclear power plant. ban began his visit to fukushima with a briefing from the prefectural governor. he heard about the challenges of checking local people's health and cleaning up radioactive substances. ban visited evacuees at a shelter and gave them some words of encouragement in japanese and spoke to students at a senior high school. ♪ >> ban also said the u.n. will hold a summit level meeting on nuclear issues in new yor

china's state-run xinhua news agency says the navy carrier left the northeastern port of dailan on wednesday. it says the sea trial will be short and that the carrier will undergo further rebuilding and testing after returning to port. china says the vessel will be used for research and training. last month a chinese defense ministry spokesperson said the country has a long coastline and broad marine areas under its jurisdiction and that the military has an obligation to protect the country's sovereignty and maritime interests. china is reportedly planning on building other aircraft carriers on its own. observers say the chinese military is increasing its ocean going capable to secure its maritime interests and sea lanes. japan's secretary yukio edano said wednesday he's closely watching the refurbished carrier's trial voyage. >> translator: i think japan is not the only country to take a keen interest in china's naval buildup. southeast asian countries are watching as well. japan will work with those countries to seek higher transparency from china. >>> british prime minister david cameron

the state-run xinhua news agency said when he met joe biden on friday in beijing. they discussed the downgrading of the u.s. credit rating earlier this month. the issues of particular concern to china because the country is the largest foreign holder of u.s. treasury bonds. >> translator: although the united states is going through some economic heartship, i believe it will be able to overcome its difficulties and return to a robust track of development. the prosperity and stability of the united states is favorable for the whole world. >> vice president biden attempted to address china's concerns by pledging that the u.s. government will do whatever it can to pull itself out of its economic slump. >>> and here's now your extended weather forecast. >>> and that's >> but it's not only the appearance that puzzles us. >> translator: now, look how the compass needle moves. >> the needle, which is supposed to indicate north, continues to point to the center of the stone. but at the lower part of the stone, the wide part of the needle that's supposed to point south is al

the xinhua news agency reported on monday that the 29-year-old monk committed suicide in garze tibetan autonomous prefecture. they say it was unclear why he killed himself. but the voice of tibet, a norway based radio service for exiled tibetans had a different report. it said the monk scattered leaflets at a local government office and then doused himself with gasoline and set himself on fire. the flyers read "tibet has no freedom" and appealed for the dalai lama's return. the voice of tibet says authorities have been increasing their crackdown on tibetan monks since demonstrations in early july. people were protesting the heavy-handed rule of the chinese government in a ban on publicly celebrating the dalai lama's birthday. >>> the euro zone economy grew in april to june quarter by a fraction. the latest figures from the 17-member group shows gross domestic product is up by 0.2%. that major slowdown in germany's economy is being blamed. the country is the region's driving force. the european union statistical office says the increase in the euro zone gdp is the eighth rise in as many

an english version of the state run xinhua news agency said that ying was dismissed. at a news conference on july 24th, one day after the accident, he said it was necessary to bury the damaged carriages to make way for mechanical equipment that would help with rescue efforts. his comment sparked strong criticism as it seemed to deny any coverup of the accident. wang also said he was confident about his statement whether people believed it or not. a 2-year-old girl was pulled from the wreckage still alive. wang called the rescue a miracle of life. the incident prompted further criticism that rescue efforts were hurried in order to quickly restore train services. >>> al qaeda's new leader has called on muslims to continue targeting the united states in a video released just three weeks before the tenth anniversary of the september 11 attacks. the video surfaced monday on the internet with the face and voice of someone politicly to be iman al zawirhi. saying that followers must pursue a criminal country which has spread corruption in the world. the al qaeda chief also sa

an english version of the state run xinhua news agency said that ying was dismissed. at a news conference on july 24th, one day after the accident, he said it was necessary to bury the damaged carriages to make way for mechanical equipment that would help with rescue efforts. his comment sparked strong criticism as it seemed to deny any coverup of the accident. wang also said he was confident about his statement whether people believed it or not. a 2-year-old girl was pulled from the wreckage still alive. wang called the rescue a miracle of life. the incident prompted further criticism that rescue efforts were hurried in order to quickly restore train services. >>> al qaeda's new leader has called on muslims to continue targeting the united states in a video released just three weeks before the tenth anniversary of the september 11 attacks. the video surfaced monday on the internet with the face and voice of someone politicly to be iman al zawirhi. saying that followers must pursue a criminal country which has spread corruption in the world. the al qaeda chief also sa

the state run xinhua news agency reported that when met u.s.ice president joe biden on friday at the government's central compound in beijing, known as jong nanhai. the downgrade something of particular concern to china because the country is the largest foreign holder of u.s. treasury bonds. >> translator: although the united states is going through some economic hardship, i believe it will be able to overcome its difficulties and return to a robust track of development. the prosperity and stability of the united states is favorable for the whole world. >> vice president biden attempted to address china's concerns by pledging that the u.s. government will do whatever it can to pull itself out of its economic slump. >>> a popular anti-corruption activist in india left jail on friday. the government ordered anna hazare's release because of fear of government wide protests. he's demanding that the government act immediately against indemic corruption in the country. his jailing prompted mass protest across india. the government tried to ease tens

a weekend editorial in china's xinhua news agency stated the days when the debt-ridden uncle sam couldander unlimited overseas borrowing apeers to be numbered. china's own credit rating agency dagong is equally pessimistic, downgrading its u.s. credit rating twice in less than a year. from a-plus down to "a." as america's economic ideals don't fundamentally change, it will not increase its ability to repay its debt, and the situation will only get worse, the agency's chairman says. but few in china expect their government to stop funding american debt through the purchase of u.s. treasuries. china is america's largest creditor. but it's also counting on americans to continue buying its products. celia hatton, cbs news, beijing. >>> this morning on "the early show," more on the global stock sell-off. i'm randall pinkston. this is the "cbs morning news." this portion of the c"cbs mornig news" sponsored by shift move free advanced. nced. ,,,,,, >>> here's another look at this morning's top stories. stocks are sinking this morning on markets around the world, following the worst day on wal

in one recent article china's xinh xinhua news agency wrote that the u.s. has to come to the terms that it can't borrow its way out of messes of its own making. >>> despite all the debt troubles, u.s. economy continues to benefit from a resilient retail sector. over the years, american consumers complained that the shelves are stacked with products made outside the country mainly from china. economists in fran have found when it comes to the bottom line for business, there are benefits of its made in china. mary snow reports. >> reporter: walk through a toy store like this one and just about everything here seems to be made in china, even captain america. how many of the products you sell are made in china? >> i would probably say about 90%. everything is made in china. it's cheaper to produce and manufacture stuff in china. i guess that's where everybody goes. >> reporter: while everything from toys to electronics are being made in china, not as much money as you might expect goes abroad. that's according to economists at the federal reserve bank of san fr

last month, the state-run news agency, xinhua, complained the u.s.napped" the worldwide economy. it said american politicians had engaged in "dangerously irresponsible" political brinksmanship. this week, amid the biden visit, china's vice president xi jinping, who is expected to become president in 2013, took a friendlier tack. >> ( translated ): in the current new situation, china and the u.s. share a wider common interest. we should also bear more important common responsibilities. it is the common expectation of the peoples of china and the u.s. and the people of the whole world for the two nations to carry out closer cooperation. >> brown: xi also said today the u.s. economy is "highly resilient". meanwhile, another attempt to improve u.s./chinese relations turned sour this week. a chinese team got into a punching, chair-throwing brawl with the georgetown university men's basketball team, captured on this video from sportsgrid.com. the georgetown team was visiting from washington on a goodwill tour. for his part, vice president biden, who'd atte

tell you is our biggest investor is out there scorning and chastising us, china, a commentary on xinhua news agency saying the united states -- scorning it for its debt addiction, for short-sided political wrangling and warning us that the good old days of borrowing in america is over. a little bit of political tension there, not necessarily that surprising. but, remember, china is the biggest foreign investor of u.s. treasuries, ali. >> ken, christine makes an interesting point here. u.s. treasuries continue to be a safe haven, in other words, for all the turmoil that's going on out there and for all the risky markets in the world whether you want to buy their bonds or stocks, u.s. treasuries, even downgraded, might still be a better bet and you might actually see yields or interest rates going down as opposed to up. do you think that's possible? >> that's absolutely possible, ali. where are you going to go? it's not easy to know right now where to put your money. the stock market is very volatile. are you going to go to europe with your money. >> larry: that's vulnerable. are you goin