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China c.bank governor Zhou says welcomes US debt plans

By REUTERS

AUGUST 3, 2011 05:03

SHANGHAI - China central bank governor Zhou Xiaochuan said he welcomed the latest progress of the United States in dealing with its debt problems, but would keep an close eye on the situation.

Zhou also urged the United States to take responsible measures to properly deal with its debt issues in a bid to protect the interests of investors in US treasuries, according to a statement on the website of the People's Bank of China.

Zhou made the comments after US President Barack Obama signed into law a measure to cut spending and raise the US debt ceiling, a necessary act to avert an unprecedented default on government financial obligations.

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