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Written by:

Greg L


Date added:

July 2, 2013








No of pages / words:

3 / 616


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Despite the "claimed requirements" of the US administration, the Chinese Central Bank's plans do not coincide, as their strict yuan has helped the Chinese economy grow by more than 9% in 2005. Although the Chinese Bank promised a revaluation of some sort, its decision to strengthen the yuan by a mere 2...
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The "generous" revaluation was followed by a declaration by Chinese officials that actual financial policy would not be altered. In short, the so-called "revaluation" will have little to no effect on China's trade deficit. This 2.11% (within a .3% fluctuating range) is too small to hold the necessary cut into the Chinese export earnings...
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