(New York Post) -- Forget the reams of “person of the year” awards — 2015 may be remembered as the Year of Xi.
Over Christmas, Chinese President Xi Jinping officially opened the Asian Infrastructure Investment Bank for business. Developed over two years, the global fund — not so subtly presented as Beijing’s answer to the US-dominated World Bank and the International Monetary Fund — is one of Xi’s most ambitious projects.
Separately, Beijing’s central banker, Zhou Xiaochuan, yet again called for a new global currency to replace the US dollar.
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Is the world turning away from us and moving all its business eastward? No — at least not yet. Everybody knows that China’s financial system is far from transparent and secure. Plus, who’d bet on a Beijing-created currency?