Zhu Min
Zhu Min (Chinese: 朱民) is the first Chinese deputy managing director of the International Monetary Fund (IMF). He was appointed special advisor to Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF) on February 24, 2010.
Profile
Zhu, born in 1952, graduated from Fudan University in 1982. Upon graduation, he worked as a teacher in the Economics Department as well as special advisor to Shanghai Commission of Economic Structure Reform and Economics Research Center of Shanghai Municipal Government.
He went to study in America in 1985 and received a PhD and an M.A. in economics from Johns Hopkins University as well as an M.P.A. from the Woodrow Wilson School of Public and International Affairs at Princeton University.
Zhu also worked at the World Bank for six years from 1990 and served as chief advisor of China's Agenda 21, a comprehensive program related to each country’s sustainable development which was established by the United Nations.
In 1996, Zhu started working at the Bank of China (BOC), one of the four biggest commercial banks in China. He held various positions at BOC; he became group executive vice president, responsible for finance and treasury, risk management, internal control, legal and compliance, and strategy and research.
After the outbreak of the global financial crisis, Zhu made speeches in both Chinese and English, in which he reiterated the harm of overflowing financial derivatives and advocated deleverage.
The State Council appointed Zhu the deputy governor of the People’s Bank of China, China’s central bank.
Research fields
Zhu Min mainly conducts research on international finance, banking and macro-economics, including analysis on finance, tax, macro-economic management and international trade.
Roles as the Managing Director of IMF:
In 2012, amid the domestic bankers' burning desire to enter into the European market, where the affliction of the financial turmoil is still lingering, he suggested the domestic bankers to up their game to meet the problems emerging in a global scale.
"Only if one is fully prepared for the constant changes in the global financial market can one win against global competition," he said
