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5/24/11

French government says China backs Lagarde for IMF

Reuters reports that French Finance minister Lagarde has emerged as the leading candidate to replace Strauss-Kahn, who quit last week to fight sexual assault charges in New York, although Mexico is pushing the claims of its central bank chief and many emerging nations have said it is time for Europe's 60-year grip on the job to be loosened.

China would support Finance Minister Christine Lagarde as the next IMF chief, the French government said on Tuesday, backing which would put her firmly in pole position to succeed Dominique Strauss-Kahn.

For more: French government says China backs Lagarde for IMF | Reuters

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