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IPFS News Link • Economy - International

China Leads Global Credit Reform

09-08-2009 • arclein

China began the long journey to a new international reserve currency with a single step - agreeing to buy $50 billion in notes from the International Monetary Fund. Another proverb, less distinguished than a quote from Daoist philosopher Laozi, also applies here: China put its money where its mouth is.

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Reported By robert klein

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