China snubs IMF summit
Wednesday 10 October 2012
Printable
EmailChina said today it will snub the International Monetary Fund and World Bank's annual summit over its wrangle with Japan over a disputed island chain.
People's Bank of China governor Zhou Xiaochuan had been due to deliver the closing speech on Sunday, but because of "scheduling problems" his deputy will attend instead.
China's Finance Minister Xie Xuren also pulled out of the meetings.
The dispute over the uninhabited islands caused widespread protests in China after Japan bought the islands from their private owners last month.
- China's economic growth is expected to slow to 7.8 per cent, the IMF said today, largely due to EU crisis.
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