The People's Bank of China is weighing on the US debt deal, which was signed into law by President Barack Obama, and will cut spending and raise the U-S debt ceiling.

The Bank's Governor, Zhou Xiaochuan welcomes the progress of the U-S in dealing with its debt problems. But the central bank will still keep a close eye on the situation. Zhou is urging America to take responsible measures to properly deal with its debt issues in a bid to protect the interests of investors in U.S. treasuries.

Zhou is also pledging that the PBOC will make efforts to maintain China's stable and rapid economic growth, and to minimize the impact of fluctuations in international financial markets on China.