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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

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