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<blockquote data-quote="menspolo" data-source="post: 9242982" data-attributes="member: 326726"><p><strong>China's Hu Jintao: Currency system is 'product of past'</strong></p><p></p><p>Mr Hu <a href="http://polostorefactory.com/" target="_blank"><span style="color: #743399">polo shirts</span></a> also said China was taking steps to replace it with the yuan, its own currency, but acknowledged that would be a "fairly long process".</p><p>The remarks to two US newspapers come ahead of a state visit by the Chinese leader to Washington this week<a href="http://polostorefactory.com/" target="_blank"><span style="color: #743399">polo outlet</span></a>.</p><p>They reflect continuing tensions over currency issues between the two powers.</p><p>The remarks to the Washington Post and Wall Street Journal</p><p><a href="http://polostorefactory.com/" target="_blank"><span style="color: #743399">polo factory store</span></a> came in the form of written responses to questions. Mr Hu also reiterated criticism of a decision by the US Federal Reserve to inject $600bn into the economy, which some argue will weaken the dollar at the expense of other countries' exports.</p><p>"The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level," President Hu said.</p></blockquote><p></p>
[QUOTE="menspolo, post: 9242982, member: 326726"] [b]China's Hu Jintao: Currency system is 'product of past'[/b] Mr Hu [URL="http://polostorefactory.com/"][COLOR=#743399]polo shirts[/COLOR][/URL] also said China was taking steps to replace it with the yuan, its own currency, but acknowledged that would be a "fairly long process". The remarks to two US newspapers come ahead of a state visit by the Chinese leader to Washington this week[URL="http://polostorefactory.com/"][COLOR=#743399]polo outlet[/COLOR][/URL]. They reflect continuing tensions over currency issues between the two powers. The remarks to the Washington Post and Wall Street Journal [URL="http://polostorefactory.com/"][COLOR=#743399]polo factory store[/COLOR][/URL] came in the form of written responses to questions. Mr Hu also reiterated criticism of a decision by the US Federal Reserve to inject $600bn into the economy, which some argue will weaken the dollar at the expense of other countries' exports. "The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level," President Hu said. [/QUOTE]
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