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The American Empire in a Changing World



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Monday, January 30, 2012

''China outlines plans to turn Shanghai into global money hub''

"China laid out more specific plans to turn Shanghai into a global financial centre by 2020, listing a series of targets for the next three years to make the city a hub for yuan trading.
The plan for Shanghai’s financial innovations through 2015 included establishing the central bank’s daily yuan fixing and the government-backed money rate as benchmarks in onshore and offshore markets."

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