China boycotts IMF and WB

Conflict with Japan on the issue of sovereignty over a group of islands in the East China Sea, were the cause of the boycott Chinese Central Bank Governor made ​​an important meeting between the heads of the International Monetary Fund and World Bank in Tokyo.

The decision shows once again how strained the relationship between the two countries on this issue. Chinese Central Bank Governor Zhou Xiaochuan except participation was expected to hold a speech on the global financial and economic situation.

"We were informed two days ago that the agenda of the Governor of the People's Bank of China may hamper his participation in this forum. Now we are told that his deputy, Ya Gang will hold his annual speech "BBC quoted sources from the IMF.

In addition to the governor, the meeting is expected to be ostracized by four other Chinese banks that are owned by the state and by the Minister of Finance Xie Xuren.

Tensions between China and Japan have escalated recently after announcing Tokyo Senkaku islands purchase or Dayaivo known from China.