China urges quick U.S. action to address fiscal cliff


BEIJING: China Vice Finance Minister Zhu Guangyao demanded the U.S. government take "concrete steps" to resolve the fiscal cliff issue and prevent a treasury bond default, the latest warning from the biggest holder of such assets two days ahead of the debt ceiling deadline.

Zhu made the comments at a media briefing during an official meeting between the Chinese and British governments on Tuesday.

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