The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: bull_dozer	4/20/2011 1:38:49 AM
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China Speeds Yuan Push HONG KONG—China is accelerating efforts to push its currency deeper into world markets, racing ahead with a series of moves toward a new financial ecosystem with the yuan at its center. A senior Hong Kong monetary official told The Wall Street Journal on Tuesday that China's central bank is "actively considering" new rules that would make it easier to bring yuan funds raised offshore back onto the Chinese mainland. Changing those rules would remove a choke point threatening the fast-growing market for the Chinese currency—also known as the renminbi—that is developing in Hong Kong and elsewhere outside mainland China's borders. ... online.wsj.com

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