China should position itself as an international lender of last resort to help out in global emergencies and expand use of the yuan around the world, according to a former senior Chinese central bank official.Zhu Min, a former deputy managing director of the International Monetary Fund and former deputy governor of the People’s Bank of China, told the Tsinghua PBCSF Global Finance Forum in Chengdu last week that China had developed the foundations for a lender-of-last-resort role through...