This week,it reached its highest exchange rate in two years.
VOA: special.2010.06.25
Jon Huntsman, the U.S.ambassador to China, called the move "a genuine attempt by China to address its exchange rate mechanism."
VOA: standard.2010.06.21
As analysts expected, China's yuan exchange rate increased and on Monday hit a 5-year high.
VOA: standard.2010.06.21
Analysts say despite the spike, they expect exchange rate reform to be gradual.
VOA: standard.2010.06.21
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