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Nation to step up donation to IMF

(Global Times)

08:17, June 05, 2012

China will increase its contribution to the International Monetary Fund (IMF), but it is unnecessary to decide when and by how much right now, Zhou Xiaochuan, governor of the People's Bank of China, said in comments published Monday.

Zhou also reiterated calls for the IMF to reform its quota policies.

Regarding Europe's debt crisis, China will back eurozone countries by buying government bonds and investing in infrastructure and public utilities, but the country should be able to see that reforms are made and its investment can be recovered, Zhou said.

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