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China attacks dollar’s dominance

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http://www.ft.com/cms/s/0/81f3125a-6cae-11de-af56-00144feabdc0.html?nclick_check=1


“We don’t want to give the impression that big change is around the corner and the present arrangements will be destabilised,” said Mr Brown.


By faulting the dollar Beijing can express its displeasure at US policy and exert leverage over the US in general, including in the broad debate over the future governance of the international financial system.


The challenge also serves as a shot across the bows for the US at a time when China is concerned about giant US government deficits and the Federal Reserve’s unorthodox monetary policy.


around the corner もう間もなく、間近、もうすぐ

destabilize 【他】 〈…を〉不安定にする,動揺[変動]させる

fault 〈…を〉非難する

shot across the bow 警告射撃

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