Way toward new global currency

Way toward new global currency

Comments on "China Won't Press for New Global Currency at G8"

It is not in China's interest to push too hard or quickly for a change from the dollar as a global reserve currency. To do so would result in the devaluation of China's huge dollar holdings.But, this economic crisis, largely caused by the US, is a wake-up call - China must never again depend solely on one currency in the future.