Chinese yuan appreciates 14.5% in real term when world economy is worst hit

10:47, March 14, 2010      

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Premier Wen Jiabao said Sunday that keeping the RMB exchange rate basically stable had played an important role in facilitating the recovery of the global economy from the worst financial crisis in decades.

When the global economy was worst hit between July 2008 and February 2009, the real effective exchange rate of the RMB has risen by 14.5 percent, Wen told a press conference after the annual parliament session.

Source:Xinhua
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