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January 12, 2011

China has appreciation from exchange rate and inflation and Economists see China rising and declgning USA

China's currency is appreciating 10% per year from exchange rate increases and inflation differences between China and the United States.

* Beijing's holdings of foreign cash and securities amount to $2.85 trillion - a jump of 20 percent over the year before

MIT economist Simon Johnson says the damage from the financial crisis and its aftermath have dealt U.S. prominence a permanent blow. He predicts the (Chinese) Yuan will be the world's reserve currency within two decades



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