IMF likely to hike China's quota to 6%
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The International Monetary Fund (IMF) may raise China's membership quota to as much as 6 percent, the same as Japan’s, from the current 3.9 percent, the National Business Daily reported Monday.
Besides raising the quotas for emerging countries, including China, the IMF also plans to lower the membership quotas held by some of the European countries, the newspaper cited an unnamed source as saying.
IMF's quota reform aims to let the countries' membership quotas better reflect their standing in the world economy.
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