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China warns U.S. about debt crisis

Posted By -NO AUTHOR- On 10/07/2013 @ 5:48 pm In Front Page,Money,U.S.,World | No Comments

(BBC NEWS) A senior Chinese official has warned that the “clock is ticking” to avoid a US default that could hurt China’s interests and the global economy.

China, the US’s largest creditor, is “naturally concerned about developments in the US fiscal cliff”, vice finance minister Zhu Guangyao said.

Washington must agree a deal to raise its borrowing limit by 17 October, or risk being unable to pay its bills.


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