Monday, October 7, 2013

China Lectures Obama

China Lectures Obama as Shutdown Enters Week Two With No End in Sight

Monday, 07 Oct 2013 02:38 PM
By Newsmax Wires
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As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, Chinese officials warned President Barack Obama and Congress Monday that the "clock is ticking" to avoid a U.S. default that could hurt China's interests and the global economy.
China, the United States' largest creditor, is "naturally concerned about developments in the U.S. fiscal cliff," vice finance minister Zhu Guangyao told the BBC.

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

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