USA-IMF/China

China currently playing bigger role in IMF: IMF official

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Washington D.C., USA - Oct 11, 2017
1. Various of Assistant Director of IMF's Asia Pacific Department James Daniel during interview
2. SOUNDBITE (English) James Daniel, assistant director, Asia Pacific Department, IMF:
"China is playing a much bigger role in the IMF and globally. Just for example, it's joined our currency, the IMF currency, it's called SDR and the RMB joined a year ago, which is just an example of China's progress and its integration into the global economy. Even within the IMF, I can speak for myself. When I joined 20 years ago, there were hardly any Chinese economists here in the institution, and the Chinese economy didn't get a lot of attention. That's changed dramatically. Many of our best economists are now Chinese. We have Chinese people leading our management, so it's really shaping the way the IMF is working, and that's entirely appropriate, and we hope and expect that to continue."
3. Logo of annual Meetings of World Bank Group and IMF, Daniel speaking to reporter
4. SOUNDBITE (English) James Daniel, assistant director, Asia Pacific Department, IMF:
"We've seen a wide range of measures across the financial sector by all the various regulators, and we're already seeing success. We've seen a slowdown in the rates of growth of the more risky parts of the financial system. So that's really encouraging."

FILE: China - Exact Location, Date Unknown
5. Various of port, containers
6. Various of robot arms in operation
7. Man working
8. Various of cars being assembled

Storyline


China is playing a much bigger role in the International Monetary Fund (IMF) and globally, Assistant Director of Asia Pacific Department of the IMF James Daniel said on Wednesday.

Daniel made the remarks during an exclusive interview with China Global Television Network (CGTN) on the sidelines of the annual meetings of the IMF and World Bank Group in Washington D.C..

"China is playing a much bigger role in the IMF and globally. Just for example, it's joined our currency, the IMF currency, it's called SDR and the RMB joined a year ago, which is just an example of China's progress and its integration into the global economy," said Daniel.

"Even within the IMF, I can speak for myself. When I joined 20 years ago, there were hardly any Chinese economists here in the institution, and the Chinese economy didn't get a lot of attention. That's changed dramatically. Many of our best economists are now Chinese. We have Chinese people leading our management, so it's really shaping the way the IMF is working, and that's entirely appropriate, and we hope and expect that to continue," he added.

China's measures in deepening financial reforms are encouraging and have already achieved successes, Daniel said.

"We've seen a wide range of measures across the financial sector by all the various regulators, and we're already seeing success. We've seen a slowdown in the rates of growth of the more risky parts of the financial system. So that's really encouraging," he said.

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  • ID : 8063118
  • Published : 2017-10-12 14:02
  • Last Modified : 2017-10-12 18:58:16
  • Location : Washington D.C.,United States
  • Category : economy, business and finance
  • Duration : 1'52
  • Audio Language : English/Nats
  • Source : China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8063118
  • Published : 2017-10-12 18:55
  • Last Modified : 2017-10-12 18:58:16
  • Location : Washington D.C.,États-Unis
  • Category : economy, business and finance
  • Duration : 1'52
  • Audio Language : Anglais/Nats
  • Source : China Global Television Network (CGTN)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 1
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