currency
Back to Square One in China's Exchange Rate Reform
China’s exchange rate reform has been dragging on for far too long.
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Today's biggest stories from around Taiwan.
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.