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China Urges US to Avoid Debt Crisis

China urged Washington Monday to take decisive steps to avoid a debt crisis and ensure the safety of Chinese investments, as a deadlocked U.S. Congress confronted a looming deadline to increase the nation's borrowing power or risk default. China, the U.S. government's largest creditor, is “naturally concerned about developments in the U.S. fiscal cliff”, Vice Finance Minister Zhu Guangyao said in the Chinese government's first public comments on the approaching Oct. 17 ...

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