China has called on Washington to bolster international faith in its economic policies amid signs that Beijing has cut its purchases of US government debt.
The State Administration of Foreign Exchange, which manages China’s currency reserves, said it had noted warnings by rating agencies Standard & Poor’s and Moody’s of a possible sovereign rating downgrade for the US if lawmakers do not reach an agreement on the country’s debt ceiling.
“We hope the US government will earnestly adopt responsible policies to strengthen international market confidence, and to respect and protect the interests of investors,” it said in response to questions posted on its website.
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