china is soon going to make a move, page-7

This article:

http://www.timesonline.co.uk/tol/news/uk/article4935461.ece

speaks about global accounting standards, transparency and monitoring. It doesn't mention an underpinning of the money supply with anything in particular.

"...monitor and then supervise financial flows that know no borders."

I think it means, in the medium term, tighter border controls of currency. Mentions energy trading, perhaps any basis might be a 'useful commodity' basis.