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Thread: Can RMB devaluation encourage exports?
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[quote=JIMMYB,339753]The statistics may show the soaring surplus, but why some factories are closing down and emplyees are retrenched? Wanhu, China's exports have been greatly affected by the financial crisis. I guess that many factories that have closed are export factories. As for other industries, they are not affected too seriously. The Chinese goverment has raisen the tax rebate to encourage exportation. However, it doesn't work very well.[/quote]
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