A sinking feeling for the (US) dollar in China

SHANGHAI -- On a frigid winter afternoon, an old dumpling of a man with buzz-cut hair was holed up in his usual spot, the corner of a busy bank lobby here. He reached into his beige fisherman's vest, pulled out a wad of bills and turned to the people hovering over him waiting to trade currency.

There was the young woman with 40,000 Japanese yen to exchange. Another had a stack of euros. Then an elderly couple, each clutching a handbag, sidled up to the man and asked if he would change their U.S. dollars into Chinese yuan.

"No, I don't want dollars," he snapped, shooing them away with a wave of his pudgy hands.

Source. Via iTulip.com.