21.7.05

BBC NEWS | Business | Q&A: China revalues its currency

BBC NEWS | Business | Q&A: China revalues its currency: "China has abandoned its currency's peg to the dollar and revalued the yuan by 2.2%. It now buys more US dollars than before.

With China both one of the world's largest exporters of manufactured goods and one of the largest importers of raw materials, the move's economic impact will be felt worldwide."

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