China To U.S.: Raise the Debt Ceiling

Jul 14, 2011 1:52pm

ABC News’ Tom Nagorski (@tomnagorski) writes in from the foreign desk:

China has publicly joined calls for the U.S. to get its financial house in order.

“We hope that the U.S. government adopts responsible policies and measures to guarantee the interests of investors,” Hong Lei, a Foreign Ministry spokesman, said Thursday, according to the New York Times. Lei was asked about a warning from Moody’s that the credit rating agency was prepared to review the U.S. AAA status. 

China is a major U.S. creditor owns more than $1 trillion of U.S. government debt. A Chinese rating agency also warned that it was considering a downgrade of the U.S. government credit rating.


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