China to work with IMF on SDR evaluation, top official says

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Chinese authorities will work actively with the International Monetary Fund ahead of its decision on whether to include the renminbi in its special drawing rights (SDR) basket later this year, the country's chief foreign exchange regulator has said.

The comments by Wang Yungui, head of the State Administration of Foreign Exchange's policy and regulations department, were made at a press conference yesterday (June 17).

"China will actively push for SDR entry and assist the IMF on the evaluation,"

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