Beijing- Will the BRICS CRA and other new regional financial safety networks challenge the IMF? The answer of Alfred Schipke, Senior Resident Representative for China is not really if better mechanism will be set up and deeper regional financial reform will be carried out in the coming days.

  Rapid flow of capital increases the global financial risks, especially with the development of information technology, which need more and more in-depth cooperation between these emerging regional financial safety networks and the IMF, said Alfred.