{"id":40581,"date":"2013-10-08T20:00:31","date_gmt":"2013-10-08T16:00:31","guid":{"rendered":"https:\/\/archive2.ankakh.com\/?p=40581"},"modified":"2013-10-08T20:00:31","modified_gmt":"2013-10-08T16:00:31","slug":"washington-shutdown-must-end-china-tells-the-us-finance-minister-demands-concrete-measures-to-avoid-catastrophic-default","status":"publish","type":"post","link":"https:\/\/archive2.ankakh.com\/en\/?p=40581","title":{"rendered":"Washington shutdown must end, China tells the US: Finance minister demands &#8216;concrete measures&#8217; to avoid catastrophic default"},"content":{"rendered":"<p><a href=\"https:\/\/archive2.ankakh.com\/wp-content\/uploads\/2013\/10\/China-warned-U.S.-potential-global-financial-fallout.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-40579\" alt=\"China warned  U.S. - potential global financial fallout\" src=\"https:\/\/archive2.ankakh.com\/wp-content\/uploads\/2013\/10\/China-warned-U.S.-potential-global-financial-fallout.jpg\" width=\"634\" height=\"422\" srcset=\"https:\/\/archive2.ankakh.com\/wp-content\/uploads\/2013\/10\/China-warned-U.S.-potential-global-financial-fallout.jpg 634w, https:\/\/archive2.ankakh.com\/wp-content\/uploads\/2013\/10\/China-warned-U.S.-potential-global-financial-fallout-300x199.jpg 300w, https:\/\/archive2.ankakh.com\/wp-content\/uploads\/2013\/10\/China-warned-U.S.-potential-global-financial-fallout-450x300.jpg 450w\" sizes=\"auto, (max-width: 634px) 100vw, 634px\" \/><\/a><b><br \/>\n<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>China publicly intervened for the first time in America\u2019s looming debt crisis yesterday, demanding the US take &#8216;concrete measures&#8217; to prevent a default on government debt that could be globally catastrophic.<\/p>\n<p>China is the U.S\u2019s biggest foreign creditor, holding at least \u00a3794 billion in US Treasury bonds, and its leaders warned Washington against jeopardising its huge stake in the American economy.<\/p>\n<p>Expressing concern over the continuing deadlock in Washington about raising the government\u2019s debt ceiling, China\u2019s vice finance minister, Zhu Guangyao, said the &#8216;clock was ticking&#8217; for the U.S.<\/p>\n<p>As the world\u2019s two biggest economies, &#8216;China and the US are inseparable,&#8217; he said.<\/p>\n<p>Referring to a similar Washington impasse in 2011 that led to the humiliating downgrading of America\u2019s credit rating, Mr Zhu said: &#8216;We hope the United States fully understands the lessons of history.&#8217;<\/p>\n<p>The U.S. has until October 17th to agree to raise its debt ceiling or the Treasury will run out of money to pay what it owes.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; China publicly intervened for the first time in America\u2019s looming debt crisis yesterday, demanding&#8230;<\/p>\n","protected":false},"author":4,"featured_media":40579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[224,155,143,137],"tags":[1306],"class_list":["post-40581","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-news","category-other-countries","category-usa","category-world","tag-china-2","post_format-post-format-image"],"_links":{"self":[{"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=\/wp\/v2\/posts\/40581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40581"}],"version-history":[{"count":0,"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=\/wp\/v2\/posts\/40581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=\/wp\/v2\/media\/40579"}],"wp:attachment":[{"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive2.ankakh.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}