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You can't blame the Chinese for being mad.
Secretary Geithner took a cheap shot at them during his confirmation hearings when he accused them of currency manipulation. President Obama has used them as a convenient foil every now and then as well. But the latest salvo from the Chinese concerning the dollar is a very weak attempt on their part to hit back.
The Chinese Premier (or is it President ? In a Communist nation I'm not sure it matters) is complaining about the use of the dollar as the world's currency reserve.
Deal with it. There is no other substitute.
The world will not line up and use that repressive regimes' currency. Especially not after they seem to have walked away from a deal with Disney [ DIS 34.08 
+0.24 (+0.71%) ] to expand the theme park in Shanghai, and only yesterday kicked you-tube out of the country. You're going to listen to them on international currency issues ?
The Euro has its issues and there are rumors that some of the Eastern European members are especially upset and feel restricted. The European agreement to limit projected deficits to 3% of GDP doesn't fit all countries needs. The ten year old currency has not yet stood the test of time.
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