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Wednesday, 10 October 2012 - Top China delegate pulls out of IMF meet amid islands row |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. 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Credit: Reuters/Jason Lee By Lesley Wroughton TOKYO | Tue Oct 9, 2012 11:13pm EDT TOKYO (Reuters) - The International Monetary Fund said on Wednesday that China's central bank governor will not lead the Chinese delegation at the IMF's semi-annual meeting this week, in what appeared to be a snub to host Japan. Zhou Xiaochuan's failure to attend the meeting follows a deterioration in relations between China and Japan over their competing claims to sovereignty of some islands in the East China Sea. The row has been marked by violent protests and calls for boycotts of Japanese products in China. Japanese car makers, including Toyota Motor, later reported a tumble in auto sales in the world's biggest car market. "We were informed two days ago that Governor Zhou's schedule might require him to cancel his lecture in Tokyo," an IMF spokeswoman said. "It has now been confirmed that his deputy Yi Gang will represent him." Zhou had been set to deliver what amounted to a closing keynote lecture on Sunday. A Japanese government official said Zhou's absence would be "regrettable". The IMF comments confirm a report on Tuesday by Chinese state news agency Xinhua that China's delegation will not be led by its most senior finance officials. According to Chinese protocol, only the most senior officials usually lead such trips. China's delegation will be led by Yi Gang, vice head of the People's Bank of China, and Vice Finance Minister Zhu Guangyao, Xinhua said. The disputed group of islands, called Senkaku in Japan and Diaoyu in China, are located near rich fishing grounds and potentially huge oil and gas reserves. Taiwan also asserts its sovereignty over the uninhabited islets. Japan is scheduled to host the IMF and World Bank annual meetings for the first time in nearly half a century. About 20,000 people are expected to attend the event, making it one of the world's largest international conferences. "If he (Zhou) is not coming, it is regrettable that a representative of the Chinese authorities does not participate in this important international meeting in Tokyo. At all events, Japan-China economic relationship is very important and Japan will continue to communicate with China from a broader standpoint," said a Japanese government official. Earlier this week, Xinhua also reported that China's state-owned banks Industrial and Commercial Bank of China (ICBC), Bank of China, China Construction Bank and Agricultural Bank of China, will not attend the IMF and the World Bank meetings. Tokyo and Beijing have traded increasingly sharp words in the dispute, which has seen both countries send patrol boats to waters near the disputed islands, raising concerns that an unintended collision or other incident could escalate into a broader clash. U.S. Secretary of State Hillary Clinton urged China and Japan to let "cool heads" prevail in the dispute. Japanese Prime Minister Yoshihiko Noda said in late September that his country will not compromise on the islands, saying they were "an inherent part of our territory in light of history and also under international law." Chinese state media say the islands have been "sacred territory since ancient times". The dispute has bubbled as several Asian governments have argued over sovereignty of islands in the South China Sea. But the Senkaku/Diaoyu row escalated in September when Japan bought the islands from their private owner to prevent fiery nationalist politician from buying them. (Additional reporting by Kaori Kaneka in TOKYO; Writing by Neil Fullick) World China Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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