Thursday, December 11, 2014
China: Turning away from the dollar - FT $$
China: Turning away from the dollar - FT $$ Such
optimism will be welcomed in Beijing as it pursues a master plan to
break free of US dominance in global finance and create a parallel,
Sino-centric system that takes its cue from a mighty renminbi. Of
course, much could yet conspire to blow China’s ambitions off course.
But if even half of what it envisages is achieved, the impact on US debt
financing, the future of development finance and the opening of Chinese
financial markets to international capital would be profound.http://www.ft.com/intl/cms/s/0/4ee67336-7edf-11e4-b83e-00144feabdc0.html?siteedition=intl&utm_source=The+Sinocism+China+Newsletter&utm_campaign=fef9b2d709-Sinocism12_11_1412_11_2014&utm_medium=email&utm_term=0_171f237867-fef9b2d709-29615013&mc_cid=fef9b2d709&mc_eid=5935182a65#axzz3LTu82f7P
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment