China to Contribute to IMF

According to China's prime minister, Wang Qishan, China is willing to contribute extra funds to the IMF. The funds would be used to help in the global economic crisis. The IMF is looking to double it's 500 billion dollar budget. China is, however, urging the IMF to base the increase on GDP per head and not the size of the country's currency reserves. The IMF is largely run by the EU and US influence. China has long vied for a position of power and by contributing more money, they may be able to reach that goal.

http://news.bbc.co.uk/nol/ukfs_news/hi/newsid_7960000/newsid_7967700/7967706.stm