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China backs Lagarde's IMF bid

June 27, 2011 at 12:10 PM   |   Comments

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LONDON, June 27 (UPI) -- China's central bank Gov. Zhou Xiaochuan said he would support French Finance Minister Christine Lagarde's bid to run the International Monetary Fund.

Zhou said Lagarde had the bank's "quite full support," for the job, The Wall Street Journal reported Monday.

Backing from China could be the deal-maker, as Lagarde is considered the front-runner for the job that was left open when former Director Dominique Strauss-Kahn resigned to focus on fighting sexual assault charges in New York.

Zhou was in London along with a national entourage headed by Chinese Premier Wen Jiabao when he publicly endorsed Lagarde.

The other candidate for the job, Mexican central bank chief Agustin Carstens, has support from Canada and Australia. The United States has not stated a choice, the Journal said.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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