Source Pravda.Ru

China worries about $1.5 trillion investment in shaking US

China, being the largest foreign creditor of the United States, called upon the USA to "hurry up" with the regulation of the economic crisis, fearing for the fate of investment from Asia worth $1.5 trillion.

"The clock is ticking," said Deputy Minister of Foreign Affairs of China, Zhu Guangzhao, commenting on the failures of the United States to solve the problems associated with the shutdown of government and public institutions, as well as with the looming threat of default in the country.

The minister called on the Congress to pass the extension of the limit of loans for the country as quickly as possible, before the country may lose cash on October 17. As in the case of the shutdown of the U.S. government, this will happen if the Republicans and Democrats from the two chambers of the Congress, take no action to extricate from the crisis.

"We urge the United States to raise the debt ceiling, save the country from default and to ensure the safety of Chinese investments. This is a duty of the United States," he said.

 

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