China's dangerous dollar addiction should worry Asia

Concerns behind Xi Jinping's Davos speech are becoming clearer

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A bank clerk counts dollar banknotes next to stack of 100 yuan notes at a bank outlet in Haian: China faces some difficult choices because it does not have true monetary independence. © Chinatopix/AP

Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.

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