CHINA-ECONOMY
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The Wall Street Journal on December 17, 2014, quoted Chinese officials and experts familiar with China's policy-making as saying that China is more willing to allow the Yuan (RMB) to depreciate modestly to add flexibility to its trading. The Yuan has fallen 2% against the USD since the beginning of this year putting it on track for its first annual decline in 5 years. The Peopl'e Bank of China (PBoC) is, they say, however unlikely to permit a slide of more than 3%.
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