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Thread: China and EU agreed to prevent exchange rate fluctuations!
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[quote=ICEBERG,257387]It is reported that China has agreed to cooperate with 13-nation Eurozone to prevent the drastic exchange rate fluctuations at the high-level economic talks between China and EU. The central bank of China said that China will adopt more comprehensive measures to strengthen its economic restructuring and contribute to prevent big exchange rate swings. Some analysts say that this suggests that China has admited that Euros' appreciation and trade deficit against China have made EU suffer a lot. However, they did not mention to quicken RMB's appreciation. Another news said that China has refused French president's request to appreciate RMB as soon as possible. What do you think? Will China be forced to appreciate RMB as EU expected?[/quote]
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