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Thread: Chinese yuan breaks 7.5 mark against USD
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[quote=APAULT,251717]The rising yaun means that imports can be bought more easily and exports are harder to sell as they become more expensive. However, that doesn't really matter at this point because China has a massive price advantage over most of our major trading partners and will still sell cheaper than they can buy elsewhere or manufacture themsleves. In fact the economy is growing too fast and the governement is trying to cool it. The rising yuan will support that effort. (Why an economy growing fast is an issue, is not part of the scope of this thread).[/quote]
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