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Yuan appreciation is not favorable for the world economy?

December 7, 2009 - 6:26am | Analytics | News
Yuan appreciation is not favorable for the world economy?

 The research institute of China's Ministry of Commerce published an essay that touched upon the issue of yuan appreciation and its adverse effects on the global economy. The essay notes that increasing the value of the Chinese currency would hurt rather than help world economic recovery.
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Chinese currency | currency appreciation | dollar | export driven economy | renminbi | yuan
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