As the U.S. teeters closer to the brink of debt default, the political stalemate is being watched closely by its biggest foreign creditor, China. At last count, Beijing owned almost $1.2 trillion of U.S. Treasury debt.
Chinese officials have been quietly expressing their concern, but Beijing's options are limited.
As Secretary of State Hillary Clinton met senior Chinese official Dai Bingguo in Shenzhen on Monday, the mood was friendly. But behind the scenes, anxiety in China is rising as the minutes tick closer toward that Aug. 2 deadline.