Former US Ambassador to China Jon Huntsman has today (16/1/12) withdrawn from the race to become the Republican Party's 2012 Presidential candidate and thrown his support behind Mitt Romney. Failing to attract serious campaign funding and currently polling less then one percent of the vote Huntsman was never likely to actually win the nomination but his decision to withdraw from the race so soon indicates that the US' current policy towards China which he helped to design could well prove an embarrassment to the Republican Party during the campaign.
One element of that policy has been to put pressure on China to allow it's currency the Yuan to be traded on the global market. Also today China has taken a significant step towards that by allowing London to become the first Yuan trading hub outside of Asia. So clearly China want Britain to be the ground for that particular battle.
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