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China ventures its Coin for World Reserve Currency

Byadmin

  China first delegated the management of gold policy to the People’s Bank by regulations in 1983. This development was central to China’s emergence as a free-market economy following the post-Mao reforms in 1979/82. At that time the west was doing its best to suppress gold to enhance confidence in paper currencies, releasing large quantities…

Tense period in the U.S.-China relationship

Byadmin

The United States has continued its fight with China over China’s trade surplus and currency valuation, with little to show for its arguments in the past few months. U.S.-South Korea military exercises near the coast of China have incensed Chinese officials, as did President Obama’s meeting with the exiled Tibetan spiritual leader the Dalai Lama…