BEIJING: China urged Washington on Monday to take decisive steps to avoid a debt crisis and ensure the safety of Chinese investments, as a deadlocked US Congress confronted a looming deadline to increase the nation's borrowing power or risk default.
China, the US government's largest creditor, is "naturally concerned about developments in the US fiscal cliff", Vice Finance Minister Zhu Guangyao said in the Chinese government's first public response to the Oct 17 deadline in the US for raising the debt ceiling.
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