China Considers U.S. Debt Position

In the highest-level statement to date by China, Chinese Premier Li Keqiang has weighed in on the U.S. debt ceiling debate.

At a meeting on the sidelines of a summit in Asia, Premier Li told U.S. Secretary of State John Kerry that China was paying “great attention” to the political gridlock in Washington.

Chinese officials have voiced their concerns over the impasse, worried the stalemate could trigger a debt default.  Earlier this week, Zhu Guangyao, vice finance minister, warned that the “clock is ticking” in reference to the Oct. 17 deadline to lift the debt ceiling in the U.S. He urged the U.S. to “ensure the safety of Chinese investments.”

CNBC

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