Latest News:  
Beijing   Cloudy    26 / 16 ℃  City Forecast

English>>China Business

Finance chiefs to skip Tokyo meetings (3)

(China Daily)

08:11, October 11, 2012

Tens of thousands of Chinese tourists have canceled trips to Japan.

China is Japan's chief trading partner, and economists warn that the dispute could stymie Japan's economic growth.

Concerns have arisen that the absence of top Chinese financial officials will steal some of the conference's thunder this year and dim the world's prospects for economic recovery. Some have also said it will harm China's reputation at a time that the country is trying to have more of a say in global economic matters.

"China is a responsible country," Xu said. "Our economic cooperation with surrounding countries, which is beneficial to the world economy, will not be interrupted."

"Meanwhile, the need for China to have more votes in the IMF shouldn't be questioned either. It is already a settled matter."

Xu said the country has set 2015 as the year that it wants to have the yuan added to the IMF's Special Drawing Rights, which is an international reserve asset used to supplement the official reserves of the organization's member economies. Its value is currently set in accordance with a basket of four important international currencies that can be exchanged for freely usable currencies.

Li Daokui, a renowned professor of economics at Tsinghua University and a former adviser to the central bank, who will be in Tokyo for the IMF meetings, said the conference in the past has been a stage on which China can proclaim its ideas.

"I am not here to flatter Japan," said Li, who was scheduled to attend a debate about the role of Asia in a changing world.

"I have no interest in stimulating Japan's domestic demand in Tokyo by shopping here."

【1】 【2】 【3】


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Fighters conduct low-altitude flight training

  2. The oddest animal rights protests

  3. Ice train begins trial operations

  4. Changes in transportation

  5. Yue Min Jun “The Tao of Laughter”

  6. Witness miracles!LuChen in South Korea

Most Popular


  1. Maintaining multiple perspectives on China
  2. Commentary: Does China need to buy more gold?
  3. Overcrowded holidays call for gov't management
  4. Editorial: US accusations politicized
  5. Allure of literature prize strong for China
  6. New road rule marks first step to orderly society
  7. Romney's post-debate bounce could soon fade
  8. War with Syria would be great mistake for Turkey
  9. Why being a runt can be an advantage
  10. Govt aid needed for solar firms to survive

What's happening in China

Bike rental starts off in low gear

  1. Wrongly institutionalized demand fairer diagnoses
  2. 40% in city lose sleep over stress
  3. Poisoned German sailor rescued off E China
  4. 'Red Song' detention appealed
  5. Fairer system to give hope to organ seekers

China Features

  1. Can 'Golden Week' be more relaxing?
  2. 'Gangnam Style' receives criticism
  3. Mid-Autumn Festival is more than mooncakes
  4. Oregon official: We welcome Chinese investors
  5. Mid-Autumn Festival Keywords

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture