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I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.


Zhou Xiaochuan

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HU XIAOLIAN The Fed seems to think that this is a one-time adjustment.
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HU XIAOLIAN This move doesn't mean fundamental change in the RMB exchange rate formation mechanism.
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HENRY JAMES Maybe that's what life is... a wink of the eye and winking stars.
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