Sunday, August 07, 2011

An editorial by China’s official Xinhua news is seen as a thinly-veiled criticism of U.S. economic policies.

The editorial called for “international supervision over the issue of U.S. dollars” and the introduction of “a new, stable and secured global reserve currency.”

Beijing claims the right “to demand the United States to address its structural debt problems to ensure the safety of China's dollar assets.”
The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine

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