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Chinese Yuan among Asia’s least-appreciating currencies
March 28, 2011
Financial Times
Chinese Yuan among Asia’s least-appreciating currencies: Although China’s renminbi has appreciated 4.3 percent in the last year, it was among the five least-performing currencies in Asia, and the only currency in Asia to appreciate less than half its GDP growth. “Renminbi: ‘Redback’ puts the brakes on,” (Financial Times) March 28, at http://www.ft.com/cms/s/0/1c6a98d4-58ef-11e0-9b8a-00144feab49a.html