China agrees to buy $50 billions in IMF bonds
China has signed an agreement with the International Monetary Fund to buy $50 billion worth of the first IMF-issued bonds, a statement on the IMF website said Wednesday.Under the agreement signed between Yi Gang, deputy governor of the People's Bank of China, and IMF Managing Director Dominique Strauss- Kahn, the bank will buy up to $50 billion in IMF notes...