4 Signs that China is Moving Out of the Dollar
09/09/2009 § Leave a comment
To be sure, there are other voices in Chinese officialdom that are striking a less alarmist tone. One cannot rely on the words of one Chinese official to represent policy makers in China. And Cheng never said the Chinese are nowactively diversifying away from the U.S. dollar. Nevertheless, Chinese officials have been talking along this dollar bearish line for months now and I tend to believe their words will lead to action.
Buh-Bye US Dollar!
4 Signs that China is Moving Out of the Dollar – Washingtons Blog