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IPFS News Link • China

Yuan Revaluation Pending

01-29-2010 • arclein

The 23% surge in China's foreign reserves last year to $2.4 trillion is a much clearer signal that its currency is undervalued. China rightly worries that a new program of gradual appreciation would only encourage more hot money inflows. So the alternative is to do it all in one bang. To

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Reported By Robert Klein

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