China Seeks to Change Global Monetary System

Reforming the International Monetary System by Making Yuan the Standard.

The Chinese government has been seeking to internationalize the yuan in two ways. First, China is continuously exporting yuan, which involves encouraging enterprises to use the yuan in transactions. Despite the global success of Chinese exporters, the yuan plays only a minor international role because it cannot be freely exchanged for other currencies. And official controls make it difficult to move the yuan in and out of China. But in July 2009, China successfully ran a pilot program of cross-border trade using the yuan.

All Rights Reserved Copyright © 2011

All Rights Reserved

Copyright © 2011 Donald E. Eads, "21st Century China." Unauthorized use and/or duplication of any material without express and written permission is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Donald E. Eads and "21st Century China Symposium" [http://21stcenturychina.blogspot.com/]

Rapid Change

Main Gate at Renda: Peoples University in Beijing

Whatever China you think you know it has changed, since last night. This is the nature of the Land of the Dragon. High tech companies are sprouting wings and flying away because labor is no longer cheap and abundant. To even begin to try to keep up is exhausting and usually unfruitful.

The best way to stay in touch is through a consortium of people who are on the scene and that is what we provide through the 21st Century China Symposium every year. Join us as we explore the Wild, Wild East.

Zhao Qizheng is on a diplomatic mission.

Purple Forbidden City at Night

Microsoft (Gates Foundation) and Baidu form Health Alliance.

Alliance for a Healthy China

Bill Gates (R), Microsoft Corp co-founder and co-chair of the Bill and Melinda Gates Foundation, laughs after he and Robin Li, founder and chief executive of Chinese search engine Baidu, put on shirts bearing the slogan: "Say No to Involuntary Smoking", during a media conference in Beijing June 11, 2011. Gates and Li signed an agreement to form an alliance between their charitable foundations called the "Alliance for Healthy China."

My son, Hoku, skateboarding the GREAT WALL

The 7th Annual 21st Century China Symposium occurs at a crossroads in US-China relations. We can either learn to trust each other or our relationship can get worse. My entire academic thrust emphasizes the former over the latter. I personally believe we have the best opportunity in the history of the world to change things for the better if China and the US can find ways to work together and support each other with reciprocity. Is this naive on my part? Probably but I am not about to change my tune now.

Come be a part of 21st century history in the making at the 7th Annual 21st Century China Symposium.

7th Annual 21st Century China Symposium

US-China Relations Scholars gather in Hawaii.

We are currently putting together this year's symposium. If you are interested in participating, let us know. There will be a call for papers shortly and I encourage you to consider submitting a paper for possible publication in our journal, and the possibility of presenting at the conference.

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