China's latest round of buying large quantities of gold on a monthly basis has raised speculation that it will jointly work with Russia to launch a new gold-backed currency in a move aimed at "riding" the dollar as a major global reserve currency. Min Huaqiang, a fellow and economic researcher at the Heritage Foundation's Center for Asian Studies, said: “The US dollar remains the safest, most convenient and most widely used currency in Asia and the world today. No other
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