Economist: China Loses Faith in Dollar
By Edith M. Lederer, Associated Press Writer
China Has Lost Faith in Stability of U.S. Dollar, Top Chinese Economist Says at World Forum


DAVOS, Switzerland (AP) -- China has lost faith in the stability of the U.S. dollar and its first priority is to broaden the exchange rate for its currency from the dollar to a more flexible basket of currencies, a top Chinese economist said Wednesday at the World Economic Forum.