Loss of trust in China-US exchange rate IMF involvement in the dispute.

<P>: Http://finance. News, International Monetary Fund (IMF), a senior official told the British "Financial Times" said that when two elephants fight, the grass will be trampled. .</ P> <P> IMF official refers to the United States may be involved in the dispute between the exchange rate. .United States is the dominant economic power, while China is the most important emerging power, and was blamed for a serious trade imbalance. .</ P> <P> recently, when the IMF Board of China's resolute opposition despite the adoption of new international regulatory decision, such a possibility becomes even greater. .IMF Board by the shareholders of the organization composed of representatives of the government. .Decisions can be traced back to the old 1977 to have been behind the times. .</ P> <P> However, IMF international political background behind this is obvious. .The United States welcomes this decision, that this marks the IMF began to consider the final hardening of the exchange rate issue. .• U.S. Treasury Secretary Hank Paulson (Hank Paulson) said: "This reform will allow the IMF on a number of areas for more rigorous oversight, such as insufficiently flexible exchange rate." </ P> <P> So far, Paul .Mickelson has been mainly dealing with China through bilateral channels. .He said, IMF supervision "may be a strong complement to bilateral diplomacy." .IMF declared that the United States will press for the strict implementation of the new monitoring system. .Former IMF official Morris • Gede Stein (Morris Goldstein) said: "The key issue is implementation." Gede Stan now at the Washington-based think-tank the Peterson Institute for International Economics (Peterson Institute of International Economics). .</ P> <P> Beijing immediately expressed opposition. .Bank of China (PBoC) issued a critical statement, then the representative of China in IMF in the official media Gehua Yong commented. .</ P> <P> Gehua Yong said: "In the" new decision "will be implemented under the supervision of the majority of developing countries, especially emerging market countries to bear more pressure, but little impact on developed countries to oversee the fair .of not embody. "</ P> <P> he said," China's position has received support and understanding from some developing countries. However, due to a large number of voting rights has a few developed countries and the IMF to promote the management, " .new decision "or adopted. I regret that." </ P> <P> former IMF economist, is currently China International Capital Corporation (CICC), said Ha Jiming, chief economist: "The new rules in large .extent by the impact of the United States. "China International Capital Corporation is the largest local investment bank. .</ P> <P> change in Beijing's attitude on the IMF is very striking because IMF has always had a good reputation in China. .This is different to most other Asian countries - in those countries, IMF's reputation because of the financial crisis in 1997 severely damaged. .</ P> <P>.