China opposes IMF quota reform will be linked with the RMB exchange rate.

<P> China, People's Bank (central bank) governor Zhou Xiaochuan said in Washington on Saturday, the International Monetary Fund (IMF) share of the RMB exchange rate reform and other issues are not linked to the mainstream sound. .He also said that China's currency reform would not take so-called "shock therapy", will be a gradual manner. .</ P> <P> Zhou Xiaochuan, was in Washington attending the IMF and World Bank. .Recently, the share of voice advocating reform of the IMF and the RMB exchange rate pegged to ask China and other emerging economies to take on more responsibility, Zhou Xiaochuan pointed out that two years from now about the financial crisis, the IMF quota reform and other responsibilities is not linked .mainstream sound, the sound is to make the mainstream IMF more representative, so that different types of countries worldwide, particularly in emerging markets and developing countries on the IMF have a greater sense of trust, so the need to adjust the share. .</ P> <P> Zhou Xiaochuan said China never say no to assume more responsibility, China not only consider their own interests, but also consider the global economic cooperation, there are difficulties for individual countries, China has also given support and assistance within its capacity .. .</ P> <P> Zhou Xiaochuan pointed out that the G20 summit in London in 2009, make the IMF more countries to discuss the financial resources to support countries hit by the crisis, when China had subscribed 500 billion IMF debt. .</ P> <P> IMF and the World Annual Meetings in Washington, the opening day. .IMF reforms and exchange rate issue is the annual focus. .It is reported that China in the IMF's voting power may be increased from its current sixth place third, even more than Japan in second place. .But European countries have been reluctant to give up share, had actively supported the share of the adjusted share of the United States has suddenly proposed adjustment and exchange rate reform will be linked to an attempt to force through reform of the RMB appreciation. .</ P> <P> Zhou Xiaochuan said in January 2011 before the completion of IMF governance reform, restructuring and share that optimism. .</ P> <P> Pittsburgh last September's G20 financial summit IMF and World Bank agreed to share the two bodies were transferred to developing countries at least 5% and 3%. .This year in April, the World Bank to complete the voting rights reform, the developed countries to developing countries 3.13 percent of the voting rights, voting rights of developing countries as a whole increased to 47.19%. .</ P> <P> IMF's Strauss-Kahn said 9, IMF quota reform may be in the "weeks" to complete. .</ P> <P> for the RMB exchange rate, Zhou Xiaochuan, said the RMB exchange rate to adjust short-term efforts seem small, but in 5 years or 20 years longer period of time to see the situation is different. .Stressed that China's exchange rate has been responsible approach taken by the financial crisis, some of the economies significantly lowered the currency of the currency, but China was not to do so. .</ P> <P> In addition, a seminar the other day, according to Zhou Xiaochuan reiterated that China will promote the currency reform at their own pace. .He said the Chinese currency reform will be a gradual manner, rather than take the so-called "shock therapy." .</ P> <P> IMF's Strauss-Kahn 9, also has denied: "I have not heard anyone say (IMF) conditions and the share of reforms on the exchange rate. The two are not necessarily linked." Line of the People's Bank of China .Long Zhou Xiaochuan attended the meeting in Washington, also said, IMF's quota reform is to make the organization more representative, so that their confidence in the world to make the world a healthier economy. .</ P>.