Wednesday, July 8, 2009

Yuan Deposes Dollar on China Border in Sign of Future


Yuan Deposes Dollar on China Border in Sign of Future

July 8 (Bloomberg) -- Huang Xinyuan, who sells mining equipment and pesticides to customers across China’s border with Vietnam, says he no longer wants payment in U.S. dollars and prefers the yuan.

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of Exelorix.com a social media management company.