IMF: Bond market key to integration into global economy

WASHINGTON - China's bond market, already the third largest in the world, has a particular role to play in the country's greater financial integration into the global economy, an International Monetary Fund (IMF) official has said.

"Last year China celebrated its 40th anniversary of reform and opening-up, which contributed to China's trade and product integration," said Alfred Schipke, the IMF senior resident representative for China.

"But if you're looking at the future, our view is that the future will be about China's financial sector integration with the world and the bond market will play a particular role," Schipke told Xinhua in a recent interview.