Is China challenging the Bretton Woods system?

Comment:  I recommend you read the Financial Times article ... I personally believe Beijing's grand design of an RMB-zone to balance (if not eclipse) the Dollar-Zone is closer than the FT thinks, and much more certain.  And if you "want an order based on law, not on crude power", you'll have to confront China because that's not what China wants.

Read the Full article at the FT's website --

http://www.ft.com/cms/s/0/db2dcaf8-6042-11e4-88d1-00144feabdc0.html

Financial Times

October 30, 2014 6:33 pm

Beijing’s challenge to the world of Bretton Woods

Poor governance may erode the impact of China’s financial firepower

First, it aims to create a renminbi zone to balance the US dollar zone that has dominated the world’s financial system since the end of the second world war....