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This is the first time I've ever heard a Chinese official this high up call for replacing the dollar. Can anyone else think of any other examples? If this is

• ironsam 18y ago
  The premier of China publicly spoke about his concerns for the value of the dollar recently: http://news.yahoo.com/s/ap/20090313/ap_on_bi_ge/as_china_us_economy http://news.yahoo.com/s/ap/20090313/ap_on_bi_ge/as_china_us_...
• dc2k08 18y ago
  There has been news about it but it has not been given much coverage. Christmas eve last, it was reported by AFP and Xinhua (Chinese Govt. Media) that China was trying to create conditions for the yuan to become an international settlement currency and would use the yuan in transactions with neighbouring economies on a trial basis: http://www.marketskeptics.com/2008/12/china-makes-yuan-international-currency.html http://www.marketskeptics.com/2008/12/china-makes-yuan-inter... I link to a blog and not the articles because I think the blogger makes some great commentary. He also gives his incite to yesterday's news in the first link on the right. Definitely worth a read.
• gregatragenet 18y ago
  China has made several statements in the last few weeks about their concerns about the dollar. However the real BIG news is not their talk, its their actions. China has been moving their dollar holdings into short-term bills out of longer-term notes. They are positioning themselves so that they can get out of the dollar quickly - and they are doing it in a way that won't raise alarms because they aren't (yet) cashing-in their dollar holdings. http://www.atimes.com/atimes/China_Business/KC18Cb01.html http://www.atimes.com/atimes/China_Business/KC18Cb01.html