In order for both China and the world economy to continue to reap these benefits, it is essential that China increasingly assumes the global responsibilities that inevitably accompany its growing economic clout. I thank you for your attention. 8  Quotation from the IMF’s press release No. 07/72 “International and Monetary Financial Committee Reviews Multilateral Consultation” (14 April 2007). 6  BIS Review 128/2007
It might further be suggested that the way the index is constructed, using annual data rather than period averages, may make it overly sensitive to short term volatility, which is not, in itself, necessarily a sign of deterioration. However, the 2008/09 high ranking of 22 is unlikely to be regained while significant public debt remains outstanding.