China calls for US action on debt crisis

China calls for US action on debt crisis
Beijing (AFP) June 9, 2011 - China, the top holder of US debt, urged Washington to put its fiscal house in order Thursday after a third ratings agency issued a warning over a possible US debt default. "I'd like point out that we hope the United States can adopt effective measures to improve its fiscal situation," foreign ministry spokesman Hong Lei told reporters. Ratings agency Fitch warned Wednesday that the Unite ... more

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