The "real" China headline for 2010

"The newspapers blowing up the implications of a 25-basis-point movement in interest rates is not the real big story in China this year, believe me," says Aaron Boesky, chief executive of Hong Kong-based Marco Polo Pure Asset Management. So what is? Boesky reckons there is a huge issue that headline writers are paying little attention to -- the settlement of China's debts with commercial paper and bonds denominated in renminbi, thus internationalising the currency via the path of tr…