China to Monitor Implementation of US Debt Ceiling Bill
The governor of China's central bank says he welcomes passage of the U.S. debt ceiling bill, and will closely observe its implementation.
In a statement Wednesday, Zhou Xiaochuan said China hopes the Obama administration and Congress take responsible policy measures to deal with the U.S. debt issue, to help protect worldwide financial interests and investors in U.S. treasuries.
On Tuesday, China's state-controlled media said the last-minute deal to raise the U.S. debt ceiling postponed deeper problems that threaten the world economy.