China is trying to set up a currency regime that competes with the US as the global reserve currency. Behind the scenes, the US has been trying to stop them, and this is a (misguided) tactic in that strategy.
45 posted on 01/02/2017 8:42:14 PM PST by oblomov
(We have passed the point where "law," properly speaking, has any further application. - C. Thomas)