Hasten IMF reform

A bigger say for China in the International Monetary Fund (IMF) may well be expected given its growing economic clout and increasing contribution to global growth.

Hence, it should not be all that surprising if China leapfrogs Japan to have the most say next only to the United States after a structural reform of the fund's governance.

As the world's third largest economy, China's current IMF quota of 3.72 percent - the sixth largest - only exemplified the long-time underestimation of the quota share of the emerging markets and developing countries and their insufficient representation in the IMF.