China's Central Bank Governor 'Welcomes' U.S. Debt Deal

(Beijing) -- China's Central Bank Governor Zhou Xiaochuan welcomed recent measures taken by the U.S. to avert default on its government debt obligations and said China will continue to diversify its foreign exchange investments.

The remarks were made in a website statement of the People's Bank of China, after U.S. President Barack Obama signed into law a budget control measure on raising the debt ceiling and cutting government expenditures.