For all the gloom, State Street's Brown believes China will keep its word on the renminbi.

CNN: FROM BAD TO WORSE

But in some circles in China, Mr Brown's thesis was well-received.

ECONOMIST: China

Brown's hope is that China, worried about the safety of its money invested in the U.S., will be ready to commit extra funds to fighting the world recession.

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Analysts at Brown Brothers Harriman said the worries about inflation in China should be easing.

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Brown said that countries with "substantial reserves", such as China and the Gulf States, could help by contributing more to the Fund.

FORBES: Market Scan

Director of the Lancaster China Management Centre at Lancaster University Management School Professor David Brown, said the institution was one of the first in the UK to forge links with the country.

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Gordon Brown, Britain's prime minister, wants countries with big surpluses, such as China and the oil-rich Gulf states, to contribute more.

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