China on Friday issued a statement calling on all UN member states to actively fulfill their financial obligations to the United Nations, stressing that Washington owes the organization more than US$2 billion.
United States has said it wants to borrow a record US$ 3 trillion in the second quarter, as coronavirus-related rescue packages blow up the budget. The sum is more than five times the previous quarterly record, set at the height of the 2008 financial crisis.
China has reduced its holdings of US debt to their lowest level in a year, after the US's credit rating was downgraded by Standard & Poor's (S&P). China sold 36.5bn dollars in US Treasuries or bonds to cut its holding to 1.137bn in August, latest data by the US Treasury Department showed.