China explores buying $50bn in IMF bonds
Friday, June 5th, 2009
Flashback: $100 Billion Bailout For IMF Tagged On To War Funding Bill | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | World Bank President Admits Agenda For Global Government | UN & IMF Back Agenda For Global Financial Dictatorship | IMF may need to “print money”, act as “world’s central bank” as crisis spreads
Jamil Anderlini, Charles Clover, Financial Times
June 5, 2009
China is “actively considering” buying up to $50bn of International Monetary Fund bonds, the country’s State Administration of Foreign Exchange has said.
John Lipsky, IMF first deputy managing director, confirmed the Chinese proposal, which follows one by Russia to buy $10bn (€7.1bn, £6.2bn) in IMF bonds.
Friday’s statement by China said any investment would be made according to its usual criteria of “safety and reasonable returns”, but made no mention of Beijing’s wish for more power in IMF decision-making, in return for financial support.