http://www.bloomberg.com/news/articles/2015-09-25/u-s-takes-step-toward-support-for-china-s-reserve-currency-bid
The Obama administration took a step toward backing China's bid to
have the yuan recognized as a global reserve currency, as the U.S.
softened its insistence that the Chinese implement financial reforms to
win support.
...
The shift in the U.S. position follows the
administration's failed attempt to prevent allies from joining the
China-led Asian Infrastructure Investment Bank earlier this year, a
strategy that was faulted by former policy makers including ex-Treasury
Secretary Henry Paulson.
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