
The China Policy George W. Bush Handed to Barack Obama
China in the World
00:00
The Slow but Steady Movement Away From the Dollar
There is an organic and slow but steady movement away from the dollar. It's hard to do it justice, but it's something that I know Treasury and others are focused on. The pullback of American banks has made them less interested in being in emerging world. Chinese banks have filled that vacuum by bringing R&B-denominated financial activity into those economies.
Transcript
Play full episode