China's business press carried the following stories on Friday. China.org.cn has not checked the stories and does not vouch for their accuracy.

IMF to add Chinese in top management, increase China quota share — 21st Century Business Herald

The International Monetary Fund will appoint a Chinese official to one of its senior positions, IMF chief Dominique Strauss-Kahn said Wednesday.

"I'm talking with the Chinese government regarding the appointment of a Chinese official," Strauss-Kahn said. "China is such a big economy, it is strange that the IMF top management doesn't have Chinese representation."

Strauss-Kahn did not confirm what the position will be. It is rumored that Zhu Min, a recently-appointed deputy governor of China's central bank, is going to be a vice-chairman.

Strauss-Kahn also said the IMF will increase China's quota shares to one of its top five holders. China currently holds 3.66 percent of IMF voting shares, which determines a member's voting power in IMF decisions.

3G users expected to surpass 15 million — Beijing Business Today

The number of 3G subscribers totaled 13 million in the first 11 months of 2009, according to the Ministry of Industry and Information Technology. It could reach 15 million once December numbers are in.

But the figures fall well below telecom operators' expectations. As the Chinese government issued three 3G licenses at the beginning of last year, China Mobile had hoped to develop a user base of 10 million in a year. Only 2.3 million users subscribed to its service in the first 11 months of last year. The other two license holders, China Telecom and China Unicom, have also expressed their disappointment.

Experts and industry players still have high hopes for 3G user expansion in 2010.

Chen Jinqiao, researcher with the telecom research institute of the Ministry of Industry and Information Technology, expected the number of subscribers to quadruple to 60 million.

"There shouldn't be any haste in the development of 3G services," said Xiang Ligang, a telecom expert. "It takes times for an industry to develop from research to … vast market acceptance. With last year's huge investment, China [should] see explosive growth in 3G users in the years to come."

Xiang also said China's recently announced plans to integrate the Internet, telecom and broadcasting networks will accelerate the development of 3G.

Caijing Magazine's former chief editor joins new magazine— Southern Metropolis Daily

Hu Shuli, former chief editor of China's influential "Caijing Magazine," has joined a new magazine.

She will take up the post as executive chief editor of "China Reform," a monthly magazine focusing on China's economic reforms. Several people on Hu's team will take senior positions at the magazine.

Hu, who founded "Caijing Magazine," resigned last November amidst friction with her publisher. She helped start Caixin Media, which now has about 100 staff.

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