China’s HU: International forex system thing of past

WASHINGTON, Jan 16 (BestGrowthStock) – China’s President Hu Jintao
called the international currency system, which is dominated by
the U.S. dollar, a “product of the past” but said it would be a
“fairly long process” to make China’s own currency an
international one.

Hu, who will visit Washington this week, also said “the
liquidity of the U.S. dollar should be kept at a reasonable and
stable level.” He made the comments in a very rare written
interview with two U.S. newspapers, the Wall Street Journal and
the Washington Post.

(Editing by Sandra Maler and Todd Eastham)