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China's Head Banker Ditches IMF Meeting

China-Japan island dispute drags world economy into the ring

By Liam Carnahan,  Newser Staff

Posted Oct 10, 2012 10:00 AM CDT

(Newser) – China's central-bank governor, Zhou Xiaochuan, has canceled the lecture he was scheduled to give at the upcoming IMF annual meeting, a move that underscores* China's increasing frustration with its ongoing territorial dispute with Japan. Zhou's deputy will give the lecture on his behalf, but the Wall Street Journal points out that he has neither the connections nor the weight of Zhou himself. Japan reps say the move is embarrassing for China, but international leaders are growing concerned that the dispute is now spilling over into the global economy, since the country is a major player in the effort to solve the eurozone crisis.

Zhou Xiaochuan, governor of People's Bank of China, has pulled out of the IMF annual meeting.
Zhou Xiaochuan, governor of People's Bank of China, has pulled out of the IMF annual meeting.   (AP Photo/ Vincent Thian)
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COMMENTS
Showing 3 of 5 comments
Winston_Smith
Oct 10, 2012 11:50 PM CDT
This is almost certainly a pretext; China has always cited nationalist reasons when they want to hide their real motive for doing something, or not doing something. Right now China's leadership is in the midst of the greatest power struggle in at least 35 years, and the economy appears to be headed for big trouble, made worse by the paralysis at the top. They're not going to commit to much of anything for the time being, because nobody has enough power to do so.
MikeLand
Oct 10, 2012 1:20 PM CDT
If you hold all the world's money, you really don't have to be nice about it.
ObamaliberalsSuck
Oct 10, 2012 1:00 PM CDT
SO!!?? Europe might want to Cut its Dependency on others money first!!!! China cannot support the euro, It will fail,, just like Liberal ideas of a Utopian society where everyone is paid by Others money!! Now that money is Chinese!!!!! If China were smart and they Are, they would tell the ECB to SHOVE THEIR DEBT UP THEIR ASSES.. THEIR COLLECTIVE SOCIAL ASSES!!!!!
 

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