Beijing steps up calls for global monetary reform

Chinese officials reiterated calls for the reform of the international monetary order over the weekend.

Speaking in Washington on Sunday, Li Yong, China's vice finance minister, said that reform of the system was something to which global leaders should "attach great importance". He added that the current flawed system, which is heavily reliant on dollars, was "the institutional root cause of the crisis and a major defect in the current international economic governance structure."

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