“China says it wants a new global currency that is weighted with the values of the major currencies of the world including the dollar, the yen, and the sterling, among others.
China is believed to have at least $1.2 trillion in US currency of its $2 trillion strong currency reserves.
China’s concern is if the U.S. begins to print money to pay debt and stimulate the economy, its own currency will lose significant value.
Most recently, about a week ago, the top Russian bank was also pushing for a new global reserve currency for the same reasons and to also strengthen Russian influence in the world.” (business2press.com)
If this is what they’re saying publicly, imagine what they’re saying privately.