China has voiced concerns over the eurozone crisis, urging Europe and the US to deal with their debt pile, Reuters reports.
At a meeting of South East Asian ministers today, China's trade minister Chen Deming told Europe and the US they must get their fiscal houses in order.
"We support stabilising measures taken by relevant countries, but we hope these countries will take measures to control their government debt proportion and take bigger responsibilities," Chen said.
He expressed particular concern over the outlook for the next two months: "We are also concerned about new challenges facing European countries in August and September," he said.
Beijing has invested nearly all of its $3.2trn foreign exchange reserves in dollars and euros, and has recently voiced concern over the future of the currencies, after S&P's downgrade of the US prompted fears the country could slip back into recession, according to Reuters.
But US deputy trade representative Demetrios Marantis, who attended the meeting, said the US is now on path towards greater fiscal discipline following a deal to lift its debt ceiling.
Strict monetary policy in China has forced its currency to record highs, prompting hopes China would take steps to ease pressure on the renminbi.
China's trade partners have accused Beijing of suppressing the yuan for trade advantage in the past, an accusation China has denied.
But at the meeting, Chen only reiterated Beijing's view that the currency swill only rise gradually as China maintains its policy of restructing the domestic economy.