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U.S. has plundered world wealth with dollar: China paper

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The United States has plundered global wealth by exploiting the dollar's dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday. The front-page commentary in the overseas edition of the People's Daily said that Asian and European countries should banish the US dollar from their direct trade relations for a start, relying only on their own currencies.

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