For the Record (3)

By WITH ANALYSIS FROM MONITOR CORRESPONDENTS AROUND THE WORLD; EDITED BY RANDY SHIPP

October 2, 1980

China has formally taken its place on the executive board of the International Monetary Fund. Because of its contribution to IMF funds, China will receive 3 percent of the voting power in the IMF. The United States, the largest contributor, has nearly 20 percent of the vote, and some major European nations have 6 or 7 percent.