This all means that an undervalued Yuan makes input prices (and production costs) higher than they otherwise would be.
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Zhang Qiang, vice president at China Citic Bank, said at a briefing in March that nonstandard investment accounted for 64%, or 151.5 billion yuan, of all wealth-management products at the bank, substantially higher than the 35% limit set by the CBRC.
During the Asian financial crisis of 1997-98 the Chinese held the yuan steady as currencies all about them crumbled.
Like a trade war, a higher deficit will force a rise in the Yuan, and create all kinds of global financial backlash.
By no means all of the transcriptional units that Dr Yuan has identified have yet been matched to the genome, so there is still some wiggle-room for those who think a total of more than 60, 000 is too high.
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One upshot is that growing mountain of yuan deposits in Hong Kong - because all this wonderful trade in renminbi is essentially one way.
There are even reports that Myanmar may soon start conducting all its Chinese trade in the Chinese currency, the yuan.
There are millions and millions of yuan being spent every day in China by all these companies trying to get your attention.
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Also, all farmers and pig farms will receive a subsidy of 100 yuan for every sow they raise.
But since then, China pumped nearly a trillion yuan into its economy to keep it firing on all four cylinders.
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All those Treasuries it has been buying have to be converted into the yuan, the local currency.
However, a yuan appreciation with a lower dollar might mean a spike in all other Asian currencies as well like the Singapore dollar.
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The best guess is that he is pandering to critics in Washington, and that all he really wants is for China to widen the band within which the yuan is allowed to trade, which might produce a modest appreciation.
All this might suggest that China has little to fear from a revaluation of the yuan.
But all the imports which are put together by that Chinese labour would fall in price in yuan terms.
The railway ministry, which is China's largest corporate-bond issuer, used all of last year's quota for long-dated bonds and also raised an additional 50 billion yuan via short-term bills and medium-term notes.
The increase in the value of the yuan since 2004 means that the price of oil, iron ore, copper, agricultural products and all other commodities have gone down by 25% for China-based manufacturing relative to U.S. based manufacturing.
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