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Strong Yuan Prevents Asia-wide Collapse
CHINA will continue to keep the yuan stable this year, said an article in the Financial News. Ex cerpts follow:　　Recently, the People’s Bank of China, China’s central bank, has restated that China will continue to keep its commitment to not devalue its currency this year.
This decision will undoubtedly play an active role in building up investors’ confidence and help pull the Asian economy out of the doldrums.
Some people argue that the devaluation of the renminbi would relieve pressures on the country’s exports and thus promote China’s economy forward. 66.__________________________
Although devaluation might help temporarily beef up exports, it would swell China’s foreign debts and put a lid on the import of updated technology and advanced equipment badly needed in China.
If China devaluated its currency for its short-term interests, it would induce a new round of

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Strong Yuan Prevents Asia-wide Collapse
CHINA will continue to keep the yuan stable this year, said an article in the Financial News. Ex cerpts follow:　　Recently, the People’s Bank of China, China’s central bank, has restated that China will continue to keep its commitment to not devalue its currency this year.
This decision will undoubtedly play an active role in building up investors’ confidence and help pull the Asian economy out of the doldrums.
Some people argue that the devaluation of the renminbi would relieve pressures on the country’s exports and thus promote China’s economy forward. 66.__________________________
Although devaluation might help temporarily beef up exports, it would swell China’s foreign debts and put a lid on the import of updated technology and advanced equipment badly needed in China.
If China devaluated its currency for its short-term interests, it would induce a new round of