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Ready for RMB Reform |
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| Abstract: | Now that the global recovery has taken hold and with the Chinese economy gaining ground,China’s central bank—the People’s Bank of China—has decided to proceed with reform of the renminbi(yuan) exchange rate regime and improve the flexibility.The central bank’s spokesman on June 20 addressed a number of concerns over the issue in a statement posted on its website.Edited excerpts follow: |
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