This is the 3rd time in the last 3 years china has said this. China also made this same, if not exact statement last year at this time; this not news
to some of us. You guys need to listen to some world financial news, not read it on the Internet. Reason being is because China financial news
won’t be found in detail on the Internet, but it can be heard on Hong Kong radio being broadcast though out China and the world on shortwave.
Remember China is a communist country first and a world economy seconded.
I’m surprised this statement from China has made to the Internet. China makes very similar statements like this all the time, currency positioning,
falling U.S Dollar, Yuan to be world currency last year, this year, next month etc and so on. This stuff is broadcast on Hong Kong radio financial
news shows. When china does something like this, the statement or message is centered on some world crises that the U.S. has some relation too, which
is mostly everything these days, (take your pick). The other reason is that this is propaganda for the people of China, and wishful thinking by the
China Finance minister. China, I think has 8 percent inflation and is growing everyday because, Americans our not buying anything much.(see how many
freighter ships our docked these days in Asian countries, you will be surprised.) Also China is about to pay big bucks for most of their oil they use
from Libya and Iran, so the ministry has to tell the people of china something?
China had never floated the Yuan against the dollar on the world markets. That must be done before becoming any type of reserve world currency. China
has refused to do this for the past 15 years or more. Not to mention other important aspects of how china bases their currency and manufacturing.
The nations of the world will not jump blindly into the Yuan. They would jump more at the Euro before the Yuan though, which I think is more likely.
Russia would never go for this Yuan business either. Some of those figures and content in the China article seem copied from a recent Business Insider
article I read not to long ago. It seems like some paragraphs were added along the way , The article from business insider was about inflation in
general US, China, UK etc.
Last month Top Gun Film Clips. China news Trying pass off a top gun clip as a two us fighters mid air crash.
This Month World Domination with the Yuan.
Next month ?
edit on 6-3-2011 by SJE98 because: (no reason given)