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.
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