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China Relents; Will Revalue Its Currency The Chinese government announces plans to allow its national currency, the yuan, to float within certain limits. The move follows pressure from the United States and other Western nations, which have argued the Chinese currency is undervalued.

Economy

China Relents; Will Revalue Its Currency

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China Relents; Will Revalue Its Currency

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The Chinese government announces plans to allow its national currency, the yuan, to float within certain limits. The move follows pressure from the United States and other Western nations, which have argued the Chinese currency is undervalued.