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The new way China fixes the yuan exchange rate “encourages” capital flight and has led to a gradual depreciation of the currency, a former member of the central bank’s Monetary Policy Committee said on Tuesday. 426 more words
Written by Hyoung-kyu Chey.
Since its accession to the World Trade Organization in 2001, China’s share in the world trade has risen rapidly. The country has become the world’s leading exporter, surpassing Japan in 2004, the United States in 2007, and finally Germany in 2009. 1,259 more words