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| Saturday, August 30, 2008 05:57:51 |
Experts disagree on likely rate of yuan appreciation
Ha Jiming, the chief economist of the China International Capital Corporation, predicted that the yuan would appreciate 10% against the greenback next year, prompting disagreement from Fan Gang, the director of the China Economic Reform Research Fund, the China Securities Journal reported. Both predicted steady economic growth for China, but Fan said China’s economy was not strong enough to absorb appreciation on the scale predicted by ...
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