China — China Daily, (Apr. 4): [Chinese Foreign Minister Yang Jiechi] also highlighted China's proposed measures to reform the international financial system. In addition to enhancing regulatory cooperation, he urged international financial institutions to increase aid to developing countries. In his speech, [President Hu Jintao] stressed that the I.M.F. should strengthen supervision of currency policies. The I.M.F. and the World Bank should improve their governance by increasing representation to the developing countries, he said. China promised that it would actively contribute to increasing I.M.F. resources but stressed that the multilateral lending institution should make the expanded resources available first for developing countries. Yang said that Hu also expressed China's concern over rising trade protectionism during a time of crisis, and called upon all countries to re ... Read more »