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China Calls For Currency Reform

10/07/09July 10, 2009

China recently called for a reform of the global currency system at the G8 summit in L'Aquila, Italy. State Councillor Dai Bingguo stressed the need for a diversification from the dollar as the world's main reserve currency.

Chinese President Hu Jintao was absent from the G8 summit in L'Aquila as he had rushed home to deal with ethnic unrest
Chinese President Hu Jintao was absent from the G8 summit in L'Aquila as he had rushed home to deal with ethnic unrestImage: AP
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