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VOA Chinese, Dec 2, 2015. http://www.voachinese.com/conten ... 151202/3084252.html
 
 My comment: The VOA report is oversimplified. So you must read the the original.
 
 Ben S Bernankem China's Gold Star. Brookings Institution, Dec 1, 2015 (blog).
 http://www.brookings.edu/blogs/b ... 01-chinas-gold-star
 
 "Importantly, the dollar’s global status is a market outcome, not the result of a decision by any international body or of an international agreement. Private investors and governments freely choose to hold dollars * * * because the Federal Reserve has kept inflation low and stable for the past thirty years"
 
 Inflation reduces purchasing power of a currency holder, whether located domestically or abroad.
 
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