Beijing official renews call to move away from “dollar trap"
A report by a Chinese government economist has labelled the current international monetary regime unstable and unfair, marking the latest attempt by officials in Beijing to challenge the dollar's hegemony as the global reserve currency.
According to a Reuters translation, a report by Xu Hongcai, a department deputy director at the China Center for International Economic Exchanges, a government think-tank, said: "Nations around the world have no way of restricting dollar issuance by the Federal
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