“It’s probably a win for China on several fronts: They get to ditch the dollar without making a big geopolitical stink. China gets to play the global good guy for once — while also purchasing some political influence over the IMF.”
China’s $50bn IMF deal puts ‘redback’ on the world stage - Times Online
A really great read that outlines China’s advancement as a world superpower by stealthly assaulting the international monetary system. The above quote is from the comments. I thought it summarized the article quite nicely.
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