China IMF Cancellations Raise Concerns (IMF greatly saddened by the boycott)

WSJ ^ | October 10, 2012 | PHRED DVORAK And YUKA HAYASHI

[TigerLikesRooster]

China IMF Cancellations Raise Concerns

By PHRED DVORAK And YUKA HAYASHI

TOKYO—Souring relations between Japan and China, which suffered another blow Wednesday when China's central-bank governor and finance minister pulled out of a high-profile gathering of global finance chiefs in Tokyo, are starting to cause serious economic damage that could deepen if passions stay high, investors, analysts and politicians here warned.

The revelation that China's two highest-level delegates had withdrawn from the annual meeting of the International Monetary Fund and World Bank in Tokyo amid an escalating dispute between Asia's two biggest economies, sent stocks to a two-month low and heightened worries about real-world impacts.

[TigerLikesRooster]

P!

[Sawdring]

Didn’t they used to brag that countries that each have a McDonald’s have never gone to war before?

[bert]

Since the IMF is the greatest force for financial destruction, the act should be taken as a good thing. They two institutions have grown out of control and should be reined in.

China has shown the way........ opt out

If only America would do the same (Holes literary reference)