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- Dubai 05:05 06:19 12:06 15:18 17:46 19:00
China is committed to improving its exchange rate system based on domestic and international economic conditions, a foreign ministry spokesman said yesterday.
Ma Zhaoxu was responding to a question at a regular press briefing about how the yuan will figure in next week's Strategic and Economic Dialogue with the US. His comments were a reiteration of the government's long-standing position on the yuan, which has been re-pegged to the dollar since mid-2008 to cushion the economy.
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