China has been rising in the global economy, but not in the ranks of global organizations like IMF, still dominated by US and Japan. China accounts for 18.72% of the global economy, but it has only 6.06% of IMF votes. That’s in sharp contrast to the US, which accounts for 15.17% of the global economy, but has 16.52% of the IMF votes; and Japan which accounts for 4.17% of the global economy, but has 6.16% of IMF votes. China isn’t the only emerging market economy that is under-represented in the IMF voting system. Like “openness, variability, international reserves, and GDP measured at market exchange rates—on which measure China accounts for a slightly smaller share of the global economy.”Still, China deserves a stronger voice in IMF than America and Japan.
Source: Forbes January 21, 2019 21:33 UTC