An excerpt

 

"Mr. Li also said that China envisages to make Switzerland its preferred financial center for offshore yuan trading – a piece of business fiercely contested by London and Paris, and a dig at the U.S. at a time when Washington is dismantling Switzerland's centuries old bank secrecy laws and practices."

 

from

 

http://www.cnbc.com/id/100801692?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=100801692|China%20Gives%20US%20Nothing,%20b

 

cut and paste if you need to. Clock seems to be ticking backwards for the US$. IMO.