IMF-hopeful Lagarde says "very satisfied" with China visit

Reuters News
Posted: Jun 08, 2011 10:33 PM

BEIJING (Reuters) - French Finance Minister Christine Lagarde, a leading candidate to head the International Monetary Fund (IMF), said on Thursday that she was "very satisfied" with her meetings with top Chinese officials.

Lagarde, who is in Beijing as part of a whirlwind world tour to rally support for her IMF candidacy, is considered the favorite to replace former IMF chief Dominique Strauss-Kahn after he was arrested last month on rape charges. She met Chinese Vice Premier Wang Qishan and central bank chief Zhou Xiaochuan on Wednesday.

Lagarde said the selection process of the new IMF head should be open, transparent and merit-based, adding that reform of the IMF should continue to benefit emerging economies that are under-represented, including China.

(Reporting by Gui Qing Koh and Langi Chiang; Writing by Kevin Yao; Editing by Ken Wills)