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Thread: Can the appreciation of Yuan tame China's economic inflation?
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[quote=KATRINA,294363]China's Yuan breaks 6.92-mark According to the China Foreign Exchange Trading System, China’s Yuan was set at 6.9199 yuan against one US dollar, which sets a record high.The reference rate was up 39 basis points from last Friday's 6.9238. So far, the Chinese Yuan has increased by 5.5% against the US dollar this year. This was the 42nd times that the Chinese currency set a new high against US dollars. Analysts believed that the Chinese authorities would continue to allow the gradual appreciation of Chinese yuan against the greenback to tame inflation. Can the appreciation of Yuan tame China's economic inflation? What's your idea? [/quote]
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