A training center jointly built by the International Monetary Fund (IMF) and China was inaugurated on Wednesday in Dalian, a port city in Northeast China's Liaoning Province.

The inauguration was attended by Liu Tinghuan, deputy governor of the People's Bank of China (PBOC), Xia Deren, Mayor of Dalian, as well as IMF officials and specialists including Leslie Lipschitz, director of IMF Institute, and Robert Mundell, a Nobel laureate.

The center is the fourth IMF-backed training facility in the world. The other three are based in Washington, Vienna and Singapore.

The friendly cooperation between China and IMF has kept expanding since China resumed its legitimate membership in the IMF in 1980, said PBOC Deputy Governor Liu Tinghuan, adding that completion of the new center would play an important role in training personnel for financial administration in China.

A two-day high-ranking seminar on macro economic policies also began shortly after the inauguration of the center.

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