PBOC to Seek Close Communication With IMF, Governor Zhou Says

China’s central bank will keep in close communication with the International Monetary Fund on key topics centered around the global and Chinese economies, according to People’s Bank of China Governor Zhou Xiaochuan. 

Zhou made the remarks in a meeting with IMF Deputy Managing Director David Lipton in Beijing, according to a statement released on the central bank’s website Monday. 

Lipton, in Beijing ahead of the release of a so-called Article IV update on China’s economy, said at the meeting that the Fund will boost cooperation with the PBOC to support China’s economic transformation. The two also exchanged views on IMF reform and strengthening China’s cooperation with the Fund. 

Global leaders including U.S. Treasury Secretary Jacob J. Lew have called on China’s authorities to improve policy communication as the nation is taking on a bigger role in global economy. China is also approaching global economic organizations including the IMF and World Bank to establish an annual meeting that would offer the nation a stronger policy voice on the world economic stage, Bloomberg has reported.

— With assistance by Yinan Zhao

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