Exchange rate hits 19-year record
By Wang Xiaotian | China Daily | Updated: 2012-10-26 08:05
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Confidence in the yuan has strengthened, as 77 percent of Chinese companies surveyed by HSBC Holdings Plc expect one-third of all Chinese trade to be conducted in yuan by 2015. Xie Zhengyi / for China Daily |
Currency rallies after quantitative easing in US, bond buying by ECB
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