China Questions The Dollar

You new this was coming, the Chinese always take to the news wires before a big meet up with Washington in an effort to dampen attempts to make the meeting about China's currency policy. This time around Chinese President Hu Jintao voices his concerns over the USD's de facto reserve currency status and calling it a "product of the past." He also critized the Fed's QE2 program as a move to weaken the USD at the expense of other countries' exports.  Hu also highlighted China's efforts to turn the yuan into a global currency. Read the whole story here.