Zhou Xiaochuan, governor of China's central bank, has suggested creating a “super- sovereign reserve currency” to replace the dollar over the long run. He would sharply enhance the global role of special drawing rights, the international asset created by the International Monetary Fund in the late 1960s and just given an enormous boost by the decision of the Group of 20 to expand its issuance by $250bn (€189bn, £171bn). These are the first big proposals for international monetary reform from China or indeed any emerging market economy and deserve to be taken seriously for that reason alone.
中國央行行長周小川提議創造一種「超主權儲備貨幣」,以在長期內逐漸取代美元。他主張大大提升特別提款權(SDR)的全球作用,SDR是國際貨幣基金組織(IMF)於上世紀60年代末創造的一種國際資產,20國集團(G20)增發2500億美元SDR的決定大大提振了這項資產。這是中國乃至任何新興市場經濟體提出的首批關於國際貨幣體系改革的重要提議,單是這一理由就使其值得認真對待。