Australia's federal opposition said on Monday that China should have a greater role in the International Monetary Fund (IMF).

"It is obvious the arrangements with the IMF need to be updated," the federal Opposition Leader Malcolm Turnbull told reporters.

Turnbull said he supported Prime Minister Kevin Rudd's call for China's voting rights in the IMF to be reviewed.

Turnbull met with Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, and other senior Chinese officials in Sydney on Monday.

Turnbull said he and the Chinese delegation had also discussed co-operation on climate change and economic matters, as well as a proposal by China's biggest aluminum producer, Chinalco, for an increased stake in mining giant Rio Tinto.

Source: Xinhua