The significance of this cannot be overstated. China has been playing the game every bit as wisely as I had surmised. So! China will now simply assume it's natural position as the world's leading economic force. A position it had held previously for many centuries.
'The International Monetary Fund (IMF) decided on Monday to add the Chinese yuan to its Special Drawing Rights (SDR) basket. The yuan will have a 10.92 percent weighting in the basket, exceeding the Japanese yen and pound sterling.'
http://bbs.chinadaily.com.cn/thread-1739829-1-1.html
http://www.chinadaily.com.cn/bizchina/2009-03/23/content_7607627.htm
Tags:Business & Jobs
All comments are subject to moderation by eChinacities.com staff. Because we wish to encourage healthy and productive dialogue we ask that all comments remain polite, free of profanity or name calling, and relevant to the original post and subsequent discussion. Comments will not be deleted because of the viewpoints they express, only if the mode of expression itself is inappropriate. Please use the Classifieds to advertise your business and unrelated posts made merely to advertise a company or service will be deleted.
Please login to add a comment. Click here to login immediately.
Sign up with Google