Date
19 October 2018

China wants US to pay interest in case of default, report says

China has urged the United States to break an impasse over raising the federal debt ceiling by the Oct. 17 deadline and ensure interest is paid in case of a default, China News Service reported Monday, citing Deputy Finance Minister Zhu Guangyao {朱光耀}. The US government has the capacity to borrow money to repay its debt and only needs to iron out technical and timing issues to avoid a default, Zhu was quoted as saying.

– Contact HKEJ [email protected]

TL/AC/RA

 

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