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http://www.vilanguwa.info/2015/05/indian-news-gossiplankadeepahirunewsfistnethfmrivira.html
28 May 2015

China's yuan currency 'no longer undervalued
The International Monetary Fund says China's yuan currency, which Washington has long alleged was manipulated, is "no longer undervalued".

The value of the yuan, has been a source of tension for years, with China's major trade partners - led by the United States - accusing Beijing of keeping it artificially low to give Chinese exporters an unfair competitive advantage, which Beijing denied.

China keeps a tight grip on the value of the yuan out of concerns that unpredictable currency inflows and outflows could harm the economy and weaken its financial control.

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