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Study Times: The Role of China in Foreign Economies in the Post Financial Crisis Era

A Study Times article calls for immediate strategic adjustments to face the global economic realities in the post financial crisis era. The article suggests: 1) In order to take advantage of the relative changes in the economic strengths in the world, [China should] establish its own world financial center, set up its own international trade platform, and assume the right to set prices in certain areas. 2) Promote the RMB’s internationalization and break free from dependence on the U.S. dollar. 3) Speed up Chinese enterprises’ direct investments. 4) Allocate a considerable amount of foreign currency reserves to national strategic capitals markets, such as essential products, technology, and resources. 5) Promote industrial transformation and promote the development of low carbon, green, and environmental friendly industries.

Source: Study Times, July 11, 2011