China is ready to counterbalance the dominance of the dollar in the
International Monetary System through the yuan. In 2009, Zhou Xiaochuan,
the governor of the People’s Bank of China, called for a transformation
in the global reserve system; the violent fluctuations of the dollar
demanded more stability and trust in the world economy. In the end,
China opposed to carrying the costs of the crisis that had started at
the stock exchange in New York.
