Chinese leaders have criticized the U.S. financial system and proposed a new international currency to replace the dollar. The nation sees the global downturn as a huge opportunity. At a time when the U.S. and other traditional economic powers are weakening, China is flexing its muscles, signaling it will seek a much more assertive role in shaping the future of the world financial order.
China Pushes For Bigger Role In Reshaping The World Economy
Los Angeles Times - Top News, Los Angeles Times
Thu, 04/02/2009 - 12:00am
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