Some of Mr. Hu's most significant comments dealt with the future of the dollar and currency exchange rates.
"The current international currency system is the product of the past," he said, noting the primacy of the U.S. dollar as a reserve currency and its use in international trade and investment.
The comment is the latest sign that the dollar's future continues to concern the most senior levels of the Chinese government.
Uh oh. China has caught on the Federal Reserve's shenanigans and is calling for a change in it's monetary policies. The Fed has overseen the demise of the dollar since 1913. China owns a lot of them and is in position to dictate terms on future US monetary policy. Geithner and Bernanke should pay attention to Mr. Hu's words and not be fooled by his good manners and charms.
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