China urged Washington on Monday to take decisive steps to avoid a debt crisis and ensure the safety of Chinese investments, as a deadlocked U.S. Congress confronted a looming deadline to increase the nation’s borrowing power or risk default.
China, the U.S. government’s largest creditor, is “naturally concerned about developments in the U.S. fiscal cliff”, Vice Finance Minister Zhu Guangyao said in the Chinese government’s first public response to the Oct 17 deadline in the United States for raising the debt ceiling.
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Ben Blanchard and Sui-Lee Wee, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/BFAG1fcltws/
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