Contact Us

Address: Room 1502,No.69 Binlang Road (Green Lake Mansion), Xiamen City, Fujian Province, China
Tel: +86-592-5119628
Fax:+86-592-5067728
Mobile: +86-13306032088
              +86-13606019953
Contact: Leo Deng
Email: stone@chinetrade.com
            leo@chinetrade.com

News

Home > News > Content

China Is Another US?

Xiamen Chine Stone Co.,Ltd | Updated: Apr 02, 2015

China is anotherUS?

 

The establishment of the Asian Infrastructure Investment Bank (AIIB) has been depicted by a few overseas media outlets as ifChinais building its own version of the Bretton Woods system.

 

The bank is not yet in operation, and it will take time for people to come to grips with its purpose. However, overblown hype from foreign media claiming thatChinais seeking financial hegemony could create preconceived notions for people who are not familiar with it.

 

The Bretton Woods system refers to the international financial order that prevailed in the post-WWII era. It is also perceived as a triumph of dollar hegemony and gave birth to the World Bank (WB) and the International Monetary Fund (IMF) as its two representative global organizations.

 

The system held until 1971, when theUSended the convertibility of the dollar to gold. But the dollar had already become the bedrock of the international monetary system, and it remains so today.

 

Some foreign observers claim that the AIIB is the beginning of the Chinese yuan's hegemony. What they are actually trying to imply is that "Chinais anotherUS."

 

This kind of statement is nonsensical, which uses historical experience to fool readers. It is divorced from the truth and shows no common sense and doesn't stand up to any scrutiny.

 

Through the Bretton Woods system, theUSwas able to wield supreme influence over its allies which had been severely battered during the war.Chinatoday is in a totally different position.

 

Xiamen chinestone.com is a speciallized supplier of granite,marble and other natural stones. We have own stone factory in  Nan'an City, which is near to Xiamen port. Xiamen chinestone.com supply china g654 granite,g654 granite china,chinese g654 granite,g654 granite tile,g654 granite slab,g654 granite pavers,g654 granite step,g654 granite riser,g654 granite pavement,g654 granite kerbstone,g654 granite kerbs,g654 granite countertop,g654 granite swimming pool cope,g654 granite pool coping stone,g654 granite cobble,g654 granite cube, flamed g654 granite tile, flamed g654 granite slabs,flamed g654 granite slabs,g654 granite big slab,g654 granite gang saw slabs,g654 granite gangsaw slabs, g654 big slabs, g654 slabs, g654 tile, granite g654,etc.

Copyright © Xiamen Chine Stone Co.,Ltd  E-mail:stone@chinetrade.com
TEL:+86-592-5119628  FAX:+86-592-5067728

Xiamen Chine Stone Co.,Ltd