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Yuan on the up
Wednesday,July 23,2008 Posted: 10:50 BJT(0250 GMT)
  From:china daily    Article type:Reproduced

The central bank set the yuan's mid-point against the US dollar at 6.8 on Wednesday.

The Chinese currency hit a new post-revaluation high for the fifth straight day.

The yuan has risen about 7 percent this year, more than the margin for the whole of last year, while the weakened US economy has held back the greenback.

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