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If you notice on the Y axis it says US dollars per Chinese yuan. I could have done another chart where it's the foreign exchange market for the U.S. dollar, in which Our new equilibrium quantity, Q two, might be 1,200 yuan per day versus   12 Dec 2005 The value of China's currency, the renminbi (RMB), has recently become a For most of this period China's exchange rate regime attracted little criticism: pressure on China to allow the RMB to appreciate against the dollar.

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