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Thread: Chinese yuan breaks 7.5 mark against USD
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[quote=APAULT,251915]The government controls the rate of exchange at maintains it at a level which assists manufacturers. Exports are easier to sell and imports are reduced as they are more expensive. Therefore, it is against the rules of international free trade which if implemented should benefit everyone. But as Europe and the USA have MASSIVE intreventionist practices in place, China can reasonably say 'get stuffed'.[/quote]
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