China has further strengthened its financial clout by buying $50 billion of IMF bonds, its experts say. After the purchase this week of the first ever such bond sale from the International Monetary Fund, China expects to exert more influence on restructuring the international financial system, the China Daily reported. Quoting its think-tank economists, the report said the IMF bond purchase symbolized the country's very first step toward increasing its say in reshaping global financial institutions. China currently has a staggering $2.1 trillion in foreign exchange reserves.

HONG KONG, July 22 /PRNewswire-Asia/ -- According to Financial Times, China's Premier Wen Jiabao has noted recently that Beijing will mobilize its foreign reserves to bolster and accelerate the overseas expansion, merger & acquisition efforts by Chinese enterprises.

China, the largest creditor to the United States, was unlikely to cut its Treasury holdings as Russia might, the China Daily reported Friday. Chinese experts told the newspaper it will not be easy for Beijing, which held nearly $768 billion of the Treasuries at the end of March, to dump the securities.

Russian Finance Minister Alexei Kudrin said Russia expected to spend $10 billion on International Monetary Fund bonds to support struggling countries. Some EU countries and other economies have expressed their support for the enlargement of the IMF's financial resources.

The Central Bank of China said the Chinese government sharply slowed its purchases of foreign bonds in January and February, but picked up the pace in March. Chinese Premier Wen Jiabao said recently he was concerned with the U.S. economy's ability to back U.S.