Washington, Aug 15 (ANI): The new American ambassador to China, Gary Locke, has said that Beijing's investments in the US are safe despite recent debt problems that struck the nation.
Locke reassured China and said that the US was tackling the unstable debt levels that saw it lose its triple-A credit rating for the first time in history.
"The president and Congress have joined on a path ensuring fiscal integrity of the United States of America," the BBC quoted Locke, as saying.
"Over the last several days more people are buying US Treasuries and that's a clear indication that investment in the US is safe and secure and that the economy, while having its challenges, is still strong," he said.
Locke also called for greater cooperation between the two nations, the report said.
"We can solve not just the challenges and problems facing each of our countries, we can actually solve many of the problems facing the entire world," he added.
China is the biggest holder of US debt and has criticized the way the recent crisis has been handled.
It warned the problems threaten to destabilize the global economy. (ANI)
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