Top 100 beauties in the world!
Gallery: Who is the most beautiful one?
If you like autumn, put your hands in the air!
Fan Bingbing's "Queen style" in new play
Lingerie show at 2014 Miss China
J-10 fighters show aerobatic stunts in smog-free sky
Charming contestants of Shanghai Int’l Model Contest
Most amazing chi-pao beauties
7 deadly animal attacks
Russia to launch 70 Proton rockets by 2020: officialBEIJING, Nov. 16 -- China's decision to observe the Special Data Dissemination Standards (SDDS) of the International Money Fund (IMF) will help its economy and improve transparency, economists said.
Chinese President Xi Jinping announced Saturday at the Group of Twenty Summit that China has decided to switch to the SDDS of the IMF from the General Data Dissemination System (GDDS).
The GDDS applies to all IMF members while the SDDS applies to those member countries having or seeking access to international markets.
To date, there have been 71 subscriptions to the SDDS.
Hung Tran, executive managing director of the Institute of International Finance, said the switch will enhance the availability of timely and comprehensive economic and financial data, thus contributing to sound macroeconomic policy and better access to international capital markets.
He also believed that China's decision to release data about oil regularly would help markets process supply and demand data efficiently, avoiding surprises which can lead to market volatility.
David Dollar, a senior scholar with Brookings Institution, noted that well-functioning markets depend on good information.
"China's decision to meet the IMF's Special Data Dissemination Standards and to publish data on stockpiles of oil will make currency and commodity markets operate more efficiently. It is an important step for the world's second largest economy," he told Xinhua.
IMF chief Christine Lagarde welcomed China's decision, saying that the practice will greatly enhance the availability of timely and comprehensive economic and financial data.
"I appreciate China's commitment to improve the dissemination of statistics and note the progress that has been made in recent years," she said.
"China's intention to graduate from the GDDS to the SDDS is the next significant step in this process," Lagarde said in a statement Saturday.
Standard faces for each countries
Photos: Xi Jinping in Fujian
China-made military transport aircraft gets ready
World Pole Dance Championship in China
Shocking! Photos of Chinese fighters revealed
59-year-old Liu Xiaoqing still looks stunning
In pics: PLA stages live-fire drill in NE China
Post-85s female pilots and their mission
Netizens fall in love with champion swimmer Ning Zetao
Top 10 most dangerous jobs in the world
Top 10 fifth generation jet fighters in the world
Top 10 Chinese goddesses
Top 20 hottest women in the world in 2014
Top 10 pure beauties in showbiz
Top 10 world's highest-paid models 2014
The most gorgeous Chinese women
Top 10 most handsome faces in AsiaDay|Week|Month