China: Difference between revisions
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'''Data points''' | |||
For many years, China clamored to have its voting share at both the International Monetary Fund (IMF) and World Bank increased. Despite having the world's second largest economy, China only holds 5 percent of the votes at the World Bank, and 4 percent at the IMF. The US, meanwhile, holds 17 percent at each. | |||
Efforts by the Obama administration to have China's quota raised, marginally, have been spurned by Congress. China's alienation from the global lenders and subsequent decision to strike out on its own have led to the perception that Washington's waning influence is partially self-inflicted. | |||
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Revision as of 14:51, 15 July 2015
Data points
For many years, China clamored to have its voting share at both the International Monetary Fund (IMF) and World Bank increased. Despite having the world's second largest economy, China only holds 5 percent of the votes at the World Bank, and 4 percent at the IMF. The US, meanwhile, holds 17 percent at each.
Efforts by the Obama administration to have China's quota raised, marginally, have been spurned by Congress. China's alienation from the global lenders and subsequent decision to strike out on its own have led to the perception that Washington's waning influence is partially self-inflicted.
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