China: middle kingdom, world centre – Martine Bulard

From Le Monde Diplomatique:

China has announced that the yuan will no longer be pegged to the dollar; greater currency flexibility will permit Beijing to use monetary policy to control its economy. And the entry of its enormous labour force into the global economy will change the world balance of trade. China wants to bypass the Japanese-United States alliance in Asia and at the United Nations, and, through asymmetrical diplomacy, become a different kind of world power.

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