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Thread: US economic recession benefits China?
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[quote=APAULT,265538]I wouldn't call that fast...it is being slowed down by government policy. As the RMB is no longer tied to the US $ as it used to be, the revaluation of the RMB is indirect and in response to the falling US $. The RMB cannot appreciate against the basket more than the government allows. Well done the Chinese experts for changing to the basket and assuring a steady revaluation.[/quote]
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