China tells US to avoid debt crisis for sake of global economy

http://m.bbc.co.uk/news/business-24426881

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

He asked that "the US earnestly take steps to resolve" the issue.

Mr Zhu said that China and the US are "inseparable". Beijing is a huge investor in US Treasury bonds.

"The executive branch of the US government has to take decisive and credible steps to avoid a default on its Treasury bonds," he said.

"It is important for the US economy as well as the global economy."

http://m.bbc.co.uk/news/business-24426881