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China Rejects Europe’s Call for Currency to Rise Faster

Date: November 28, 2007
Author: David Lague
QUOTE: The European Union, China’s biggest trading partner, accuses Beijing of holding the yuan at an artificially low level to assist Chinese exporters, contributing to the trade imbalance. China’s surplus is forecast to widen 30 percent this year, to 170 billion euros, ($252 billion).

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