China Attacks Dollar's Dominance

China has launched its highest-profile criticism of the dominant role of the US dollar as a global reserve currency at a meeting of the world's biggest economies.

Dai Bingguo, Chinese state councillor, raised the issue on Thursday when he joined the leaders of four other emerging economies for talks with the leaders of the Group of Eight industrialised nations - including US President Barack Obama - in the earthquake-damaged Italian town of L'Aquila.