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On the eve of his visit to DC, Chinese President Hu Jintao calls the monetary system centered...

  • Monday, January 17, 2011, 7:34 AM ET
    On the eve of his visit to DC, Chinese President Hu Jintao calls the monetary system centered around the dollar a "product of the past," but says making the yuan a true international currency "will be a fairly long process." Continuing concern over monetary tightening sends shares sharply lower. Shanghai -3.03%
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    If not the US Dollar then what? A "long process" in Chinese terms could be centuries. The Chinese take a very long term planning view. Is he implying a return to gold or some other currency?
    17 Jan 2011, 08:03 AM Reply Like
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