China calls for super-sovereign currency again

China pushes for SDR to displace US dollar

China has called for the replacement of the dollar as the main global reserve currency, in a display of its growing assertiveness ahead of the G20 summit in London.In fact there have been enough pointers about China's concerns over the safety of its $2-trillion foreign exchange reserves, 60 percent of which is thought to be held in dollar-denominated assets.Over the past months, there have been increasing concerns that the rising rate of inflation and a depreciation of the US dollar would hurt the value of US Treasury bonds. The US Federal Reserve's decision to buy Treasuries and corporate debt, called 'quantitative easing', was nothing but printing more money. But, as the money supply soars, the rate of inflation spirals as well.

China's century?

China is the rising economic super power , will this century become the China's Century as prophesied by Jim Rogers , in this video you get the "russia" version of the facts , Russia is a neighboure to china , they both used to be part of the communist block but unlike China , Russia never had the economical success china was able to achieve in so small time despite the fact that china is still officially a communist country..... On the 1st of October, the Peoples Republic of China will be celebrating its 60th anniversary. Earlier this year, world media commemorated the Tiananmen Square protests of 1989, while this date went mostly unnoticed in China itself. How do the Chinese see their recent history and how does it affect their present time? Well be talking about this with prominent Russian sinologist, Aleksandr Pantsov.

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China history sinologist Aleksandr Pantsov Китай история китаист Александр Панцов