In the midst of the imploding US and European financial systems and the resultant bankruptcies, nationalizations and bailouts the People’s Daily, China’s official newspaper, called for a new global currency to replace the US dollar. Writing in the People’s Daily edition of 17 September 2008 Professor Shi Jianxun of Shanghai’s Tongji University said that "[t]he world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."
Read more...
No comments:
Post a Comment
Thanks for your comment it is much appreciated.