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China tries to wriggle out of the US dollar trap : Comments
By Wenran Jiang, published 18/5/2009By diversifying into resources and using financial instruments, China attempts to reduce its US dollar exposure.
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The sooner as the US dollar is dethroned the better.
Maybe some meaningful dialog with Iran can begin then.
I wonder what the US would say if China begin buying and selling oil in RMB and Euros? I predict an "emergency" of some sort. Taiwan?