BEIJING -- The People's Bank of China raised the yuan reference rate 0.9% against the dollar Friday, the biggest upward adjustment since July 2005, as Chinese authorities attempt shock therapy against expectations of further depreciation.
BEIJING -- The People's Bank of China raised the yuan reference rate 0.9% against the dollar Friday, the biggest upward adjustment since July 2005, as Chinese authorities attempt shock therapy against expectations of further depreciation.
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