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China to further reform RMB exchange rate regime

Source:   Time:

  BEIJING - The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central bank said Saturday.

  The decision was made in view of the recent economic situation and financial market developments at home and abroad, and the balance of payments situation in China, the spokesperson said in a statement.

  

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