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About the author: Leslie Lipschitz is former director of the IMF Institute, has taught at Johns Hopkins University and Bowdoin College, been a guest scholar at the Brookings Institution, and an advisor at Investec Asset Management.

China, Russia, and a number of emerging market countries have long resented the so-called exorbitant privilege of the U.S.

How China Can Displace the Dollar and Get the Critical Minerals It Wants comes via ChinaTechNews.com.