While it remains to be seen how the sweeping financial crisis will change the world, it is already reshaping global monetary architecture. The U~S. dollar is losing strength, making way for others to take center stage. The question for China is how it should align itself with the unfolding shift. Huang Yiping, a professor with the China Center for Economic Research, Peking University, shared his opinions in an article recently published in Caijing magazine. Edited excerpts follow:

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