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Wednesday, April 26, 2017

China explained the devaluation of the yuan


The official representative of the State statistical Bureau of China Sheng Liuni said that the devaluation of the national currency caused by external factors.

In his opinion, grounds for long-term depreciation of the RMB is not, although now its rate is at the lowest level since September 2010, below the 6.7 yuan per dollar.

 

source

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