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China, New Monetary Order, Currency, Gold Standard?

Chinese Gold Standard? - The New York Sun: "...Instead, Mr. Kwarteng looks to the China, with its nearly $4 trillion in reserves “accumulated through its mercantilist trade policies” that “give it plenty of ammunition to claim leadership in the creation of a new monetary order.” He asks: “Could China someday peg its currency to gold, as Britain did in 1821? China has the reserves to do this, and it could have the political will, if the dollar proved to be unreliable as a store of value in the future.” He suggests that there could be a renminbi pegged to gold within a generation."

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