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China says emerging nations should help control IMF

Emerging nations should be included in the top leadership of the International Monetary Fund, China’s central bank chief said following the resignation of embattled managing director Dominique Strauss-Kahn, AFP reported. “The make-up of top management should better reflect changes in the global economic structure and better represent emerging markets,” Zhou Xiaochuan said in response to the resignation of Strauss-Kahn, the French politician who faces sexual assault charges in New York. The make-up of the IMF has long been dominated by Western countries. State media said Thursday that the new IMF boss should be Chinese. Zhu Min, a former deputy governor of China’s central bank and a special advisor to Strauss-Kahn, is speculated to be a candidate to succeed his former boss.

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