Anita Chow
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2015/08/11 | Anita Chow

China Allowing the Middle Price of RMB to Devalue by 2%

The China Foreign Exchange Trading System announced the middle price between RMB and USD has devalued nearly 1.9 percent and US$ 1 now equals RMB$ 6.2298. People are saying this is the doing of The People's Bank of China to encourage export.