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New US ambassador to China looks to reassure Beijing latest news

Gary Locke, the new US ambassador to China, has said that Beijing's investments in the US are safe despite recent debt problems. n his first public appearance since arriving in China, Mr Locke also called for greater cooperation between the two nations. China is the biggest holder of US debt and has criticised the way the recent crisis has been handled. It warned the problems threaten to destabilise the global economy. Mr Locke looked to reassure China and said that the US was tackling the spiralling debt levels that saw it lose its triple-A credit rating for the first time. "The president and Congress have joined on a path ensuring fiscal integrity of the United States of America," Mr Locke said. "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."Talking about his new role in China, Mr Locke said he ...