Beijing Welcomes TIPS Issue for Forex Reserves Security
Issuing too many TIPS would be a frank admission by the US of future inflation. But with the whole world watching and questioning, the US is trying to prove that it can avoid inflation, maintain the dollar's dominance, and continue to lead the world.
Beijing's Fad of US Dollar Bashing
At a recent global think tank summit held in Beijing by the China Center for International Economic Exchanges, China's official think tank, voices for "international currency", and "global supervision" sounded frequently, and some scholars proposed a special global currency meeting during the Shanghai World Expo in 2010.
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